noun
- a person or organization that promises to pay a debt or fulfill an obligation if the original debtor fails to do so
Usage: legal; financial
Examples
- My father served as a guarantor for my student loan.
- The bank required a guarantor before approving the mortgage.
- As the guarantor, she became responsible for the unpaid rent.
- The company acted as guarantor for its subsidiary’s bonds.
- Without a guarantor, he couldn’t secure the business loan.
- The guarantor must have good credit and stable income.