Guarantor
/ˈɡær.ən.tɔːr/
Definitions
- (n.) A person or entity that guarantees the fulfillment of an obligation by another party, often a debt or contract.
The guarantor agreed to repay the loan if the borrower defaulted.
Forms
- guarantors
Related terms
See also
Commentary
Used primarily in financial and contractual contexts, the guarantor provides a secondary source of payment or compliance; clarity on obligations is crucial in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.