Definition of “guarantor” - English Dictionary

british dictionary

“guarantor” in British English

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guarantornoun [ C ]

uk /ˌɡær.ənˈtɔːr/ us /ˌɡer.ənˈtɔːr/

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:

His father is a guarantor on the loan.

(Definition of “guarantor” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“guarantor” in Business English

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guarantornoun [ C ]

uk /ˌɡærənˈtɔːr/ us /-ˈtɔːr/ FINANCE

a person or organization that promises to pay back a loan if the person or organization that originally borrowed the money does not:

guarantor for/on sth Some providers lend young people more if their parents agree to be guarantor for the loan.
The private investor acted as guarantor to £160 million of the company's bank borrowings.

(Definition of “guarantor” from the Cambridge Business English Dictionary © Cambridge University Press)