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English definition of “guarantor”

guarantor

noun [C]     /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.Making and breaking promises and commitments 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.Making and breaking promises and commitments 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.Borrowers and lenders
(Definition of guarantor noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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