Definition of Guarantor
Guarantor
Gu·ar·an·tor
Definition/Meaning
(noun)
A person who promises to pay a debt or fulfill an obligation if the borrower defaults.
e.g. The bank required a guarantor with a good credit score to co-sign the loan.
(noun)
one that guarantees or makes certain that something will happen or that someone or something is protected;
e.g. The police force is the guarantor of our safety in this town.
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