Meaning of Guarantor:
Guarantor (noun): A person or entity that promises to take responsibility for someone else’s debt or obligations if that person fails to fulfill them.
Guarantor Sentence Examples:
1. The bank required a guarantor to co-sign the loan agreement.
2. My uncle agreed to be the guarantor for my apartment lease.
3. Without a guarantor, it can be difficult to secure a loan with favorable terms.
4. The guarantor’s signature is necessary to validate the contract.
5. The landlord requested a guarantor to ensure rent payments would be made on time.
6. As a guarantor, you are legally responsible for fulfilling the terms of the agreement if the primary party fails to do so.
7. It is common for student loans to require a guarantor due to the borrower’s lack of credit history.
8. The guarantor’s creditworthiness can impact the interest rate offered on the loan.
9. The company’s financial stability made it an attractive choice for a guarantor.
10. Being a guarantor involves assuming a certain level of risk in case of default.
Synonyms of Guarantor:
Antonyms of Guarantor:
Word History of Guarantor:
A guarantor is a person or organization that agrees to take responsibility for someone else’s debt or performance of an obligation. The word “guarantor” comes from the Old French word “garant,” which means “one who warrants or is responsible.”
When to Use Guarantor:
Guarantor (noun): A person or organization that agrees to be responsible for another person’s debt or fulfilling a contract if that person fails to do so.
