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guarantor - 5 dictionary results

guar⋅an⋅tor

[gar-uhn-tawr, -ter]
–noun
1. a person, group, system, etc., that guarantees.
2. a person who makes or gives a guarantee, guaranty, warrant, etc.

Origin:
1850–55; guarant(ee) + -or 2
guar·an·tor   (gār'ən-tôr', gār'ən-tər)   
n.  
  1. One, such as a person or corporation, that makes or gives a promise, assurance, or pledge typically relating to quality, durability, or performance.
  2. One who makes or gives a guaranty.

Guarantor

Guar"an*tor`\, n. [See Guaranty, and cf. Warrantor.] (Law) (a) One who makes or gives a guaranty; a warrantor; a surety. (b) One who engages to secure another in any right or possession.

Guarantor

A person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.

Investopedia Commentary

Usually, people with poor credit can only get a loan if they have a guarantor.

Related Links

The Importance of Your Credit Rating

See also: Credit Rating, Creditor, Debt, Default, Impaired Credit, Loan, Surety


Main Entry: guar·an·tor
Pronunciation: "gar-&n-'tor, "gär-; 'gar-&n-t&r, 'gär-
Function: noun
: one that makes or gives a guaranty
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