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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.

guarantor

/ˈɡɛrənˌtɔr/ /ˈɡærəntə/

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.

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