Guarantor - Meaning, Definition & English Examples
A guarantor is a person or entity that promises to take responsibility for another’s debt or obligation if they fail to meet it, ensuring financial or contractual security.
Definition:
A person or entity that promises to be responsible for another's debt or obligation if they default.
Synonyms:
surety, sponsor, backer, underwriter
Part of Speech:
noun
Antonyms:
debtor, defaulter
Common Collocations:
act as guarantor, personal guarantor, financial guarantor, sign as guarantor
Derivatives:
guarantee, guaranty
Usage Tips:
Use "guarantor" when referring to someone legally bound to fulfill another's obligation if they fail to do so.
Common Phrases:
stand as guarantor, serve as guarantor, guarantor of the loan
Etymology:
Derived from Old French "garant," meaning "protector" or "defender," later influenced by Latin "guarantire."
Examples:
- 1. The bank required a guarantor for the loan.
- 2. She agreed to be his guarantor for the rental agreement.
- 3. Without a guarantor, his application was rejected.
- 4. The contract listed her as the primary guarantor.