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English definition of “guarantor”

guarantor

noun [C] uk   /ˌɡær.ənˈtɔːr/ us    /-ˈtɔːr/
formal a person who makes certain that something happens or that something is protected: The armed forces see themselves as the guarantors of free elections in the country. specialized law someone who formally accepts responsibility for you or for something that belongs to you: You must have a guarantor in order to get a visa to enter the country. specialized finance & economics a person or organization that promises to pay back a loan (= borrowed money) if the person or organization that borrowed it cannot pay it back: The private investor acted as guarantor to £160 million of the company's bank borrowings.
(Definition of guarantor from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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