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 Glossary   >   G   >   "Guarantor" Definition   

        Guarantor

A person who guarantees to pay for someone else"s debt if they default on their loan obligation.

A person who commits to guarantee the debts of another. For example if an individual fails to meet his/her obligations on say hire purchase repayments, the guarantor will be obliged to make those repayments.

Guarantor


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Guarantor - A person who guarantees to pay for someone else"s debt if they default on their loan obligation.

A person who commits to guarantee the debts of another. For example if an individual fails to meet his/her obligations on say hire purchase repayments, the guarantor will be obliged to make those repayments.


Guarantor : a person who guarantees to pay for someone else"s debt if they default on their loan obligation.

a person who commits to guarantee the debts of another. for example if an individual fails to meet his/her obligations on say hire purchase repayments, the guarantor will be obliged to make those repayments.