Meaning & use
guarantor
Last updated
A person who agrees to be responsible for another person's debt or obligation if that person fails to pay or perform.
See it in a sentence
His father agreed to act as guarantor on the apartment lease.
Without a guarantor, the bank refused to approve the small business loan.
A note on using this word
Common in rental agreements and loan contracts, especially for people without established credit.
Make it your own
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