Definition of Guarantor
Guarantor
guar·an·tor
Definition/Meaning
(noun)
(law) one who gives a guarantee or promises to pay back a loan if the original borrower does not pay it back);
e.g. So, if the renter is unable to pay, the landlord can legally collect money from the guarantor.
(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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