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- Dictionaryguarantor/ˌɡarənˈtɔː/
noun
- 1. a person or thing that gives or acts as a guarantee: "the role of the police as guarantors of public order"
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A guarantor is a person or organization that makes something happen, protects something, or pays back a loan if someone else cannot. Learn more about the different meanings and uses of guarantor in English with examples and translations.
- English (US)
someone who formally accepts responsibility for you or for...
- Znaczenie Guarantor, Definicja W Cambridge English Dictionary
GUARANTOR definicja: 1. a person who makes certain that...
- Portuguese Translation
GUARANTOR translate: garante, fiador, fiadora, fiador,...
- English (US)
- What Is A Guarantor?
- Understanding A Guarantor
- Types of Guarantors
- Guarantors vs. Co-Signers
- Advantages and Disadvantages of Guarantors
- The Bottom Line
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A guarantor is a financial term describing an individual who promises to pay a borrower's debt if the borrower defaults on their loan obligation. Guarantors pledge their own assetsas collateral against the loans. On rare occasions, individuals act as their own guarantors, by pledging their own assets against the loan. The term "guarantor" is often ...
A guarantor is typically over the age of 18 and resides in the country where the payment agreement occurs. Guarantors generally exhibit exemplary credit histories and sufficient income to cover the loan payments if and when the borrower defaults, at which time the guarantor's assets may be seized by the lender. And if the borrower chronically makes...
There are many different scenarios in which a guarantor would need to be used. This ranges from assisting people with poor credit histories to simply assisting those without a high enough income. Guarantors also don't necessarily need to be liable for the entire monetary obligation in the guarantee. Below are different situations that would require...
A guarantor differs from a co-signer, who co-owns the asset, and whose name appears on titles. Co-signer arrangements typically occur when the borrower’s qualifying income is less than the figure stipulated in the lender's requirement. This differs from guarantors, who step in only when borrowers have sufficient income but are thwarted by lousy cre...
In an agreement with a guarantor, the advantages usually lie with the primary party in the contract, whereas the disadvantages usually lie with the guarantor. Having a guarantor means that the loan or agreement has a higher chance of being approved and much more quickly. Most likely, it can allow for borrowing more and receiving a better interest r...
A guarantor is an individual that agrees to pay a borrower's debt if the borrower defaults on their obligation. A guarantor is not a primary party to the agreement but is considered to be an additional comfort for a lender. A guarantor will have a strong credit score and earn sufficient income to meet the obligation. Having a guarantor on a loan ag...
A guarantor is an individual who promises to pay a borrower's debt if the borrower defaults on their loan obligation. Learn about the types, advantages, and disadvantages of guarantors, and how they differ from co-signers.
A guarantor is a person or organization that makes something happen, protects something, or pays back a loan. Learn more about the different meanings and uses of guarantor in English with examples and synonyms.
A guarantor is someone who gives a guarantee or assurance of something, such as a promise, payment, or safety. Learn more about the word history, synonyms, examples, and legal and kids definitions of guarantor.
A guarantor is a person or group that guarantees something, such as a promise, a payment, or a warranty. Learn more about the origin, usage, and synonyms of the word guarantor from Dictionary.com.
A guarantor is a person who agrees to be responsible for somebody or for making sure that something happens or is done. Learn how to use this word in formal or law contexts with pictures, pronunciation and usage notes.
A guarantor is a person who gives or is bound by a guarantee or guaranty; surety. Learn the synonyms, pronunciation, collocations, and usage of the word guarantor with examples from various sources.
