noun
- people or organizations that promise to pay someone else’s debt or fulfill their obligation if they fail to do so
Usage: plural of guarantor
Examples
- The bank required two guarantors before approving the loan.
- Her parents served as guarantors for her apartment lease.
- The company’s guarantors were held liable when it defaulted on payments.
- Students often need guarantors to secure private loans.
- The guarantors must have good credit scores and stable income.
- Without reliable guarantors, he couldn’t get the business loan.