guarantor def - MARKETING
The meaning of GUARANTOR is one that promises to answer for the payment of a debt or performance of a duty in case of the other's default or failure to perform : one that gives a guaranty. GUARANTOR definition: a person, group, system, etc., that guarantees. See examples of guarantor used in a sentence.
Understanding the Context
What Is a Guarantor? “Guarantor” is an individual who promises to pay a borrower’s debt if the borrower defaults on their loan obligation. Definition of guarantor noun from the Oxford Advanced Learner's Dictionary. a person who agrees to be responsible for somebody or for making sure that something happens or is done.
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The United Nations will act as guarantor of the peace settlement. Questions about grammar and vocabulary? A guarantor is someone who agrees to cover the obligations of a person who makes a commitment if they cannot for some reason. This might be to provide security for a borrower or real estate tenant if they default on their agreed payments. guarantor - An entity or individual that legally promises to take responsibility for another's debt or contract performance, should they default or fail to uphold their agreement Insurancenewsnet.com: Regulatory Capital Rules: Advanced Approaches Risk-Based Capital Rule, Revisions to the Definition of Eligible Guarantee Regulatory Capital Rules: Advanced Approaches Risk-Based Capital Rule, Revisions to the Definition of Eligible Guarantee