guarantor


guarantor
A party who will guarantee repayment or performance of a covenant. Bloomberg Financial Dictionary
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The person who undertakes to pay to HM Customs and Excise a sum of money up to the level of a guarantee, for example a bank or a building society. HM Customs & Revenue Glossary

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guarantor guar‧an‧tor [ˌgærənˈtɔː ǁ -ˈtɔːr] noun [countable]
FINANCE LAW a person or organization that promises to repay a loan if the borrower default S (= fails to repay it ) :

• The federal government is the ultimate guarantor (= the one that will repay if no one else does ) of these loans.

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guarantor UK US /ˌgærənˈtɔːr/ US  /-ˈtɔːr/ noun [C] FINANCE
a person or organization that promises to pay back a loan if the person or organization that originally borrowed the money does not: guarantor for/on sth »

Some providers lend young people more if their parents agree to be guarantor for the loan.

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The private investor acted as guarantor to £160 million of the company's bank borrowings.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • guarantor — guar·an·tor /ˌgar ən tȯr, ˌgär ; gar ən tər, gär / n: one that makes or gives a guaranty Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. guarantor …   Law dictionary

  • guarantor — An individual or a corporation that guarantees the debt of another. (Bernstein s Dictionary of Bankruptcy Terminology) A person who pledges collateral for the contract of another or who guarantees to pay a certain debt of a debtor if the debtor… …   Glossary of Bankruptcy

  • 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. [1913 Webster] …   The Collaborative International Dictionary of English

  • guarantor — 1853, from GUARANTEE (Cf. guarantee) with Latinate agent noun suffix or substituted for ee …   Etymology dictionary

  • guarantor — surety, *sponsor, patron, backer, angel Analogous words: *guarantee …   New Dictionary of Synonyms

  • guarantor — is a person, bank, etc., that gives a guarantee or guaranty …   Modern English usage

  • guarantor — ► NOUN ▪ a person or organization that gives or acts as a guarantee …   English terms dictionary

  • guarantor — [gar′ən tôr΄, gar΄ən tôr′] n. a person who makes or gives a guaranty or guarantee …   English World dictionary

  • guarantor — UK [ˌɡærənˈtɔː(r)] / US [ˌɡerənˈtɔr] / US [ˈɡerəntər] noun [countable] Word forms guarantor : singular guarantor plural guarantors formal someone who makes an official agreement to be responsible for money that someone else owes, or for someone… …   English dictionary

  • Guarantor — A person who guarantees to pay for someone else s debt if he or she should default on a loan obligation. Usually, people with poor credit can only get a loan if they have a guarantor …   Investment dictionary