guarantor
n.
one who gives a guaranty or security
Surety
A surety is a person who agrees to be responsible for the
debt or obligation of another. Additionally, the situation in which a surety is most typically required is when the ability of the primary obligor or to perform its obligations under a
contract is in question, or when there is some public or private interest which requires protection from the consequences of the principal's default or delinquency. In most
common law jurisdictions, a contract of suretyship is subject to the
statute of frauds (or its equivalent local laws) and is only enforceable if memorialized by a writing signed by the surety.
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guarantor
Noun
1. one who provides a warrant or guarantee to another
(synonym) surety, warrantor, warranter
(hypernym) patron, sponsor, supporter
(derivation) guarantee, warrant
Guarantor
(n.)
One who makes or gives a guaranty; a warrantor; a surety.
(n.)
One who engages to secure another in any right or possession.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
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Guarantor
A person who pledges payment or performance of a contract of another, but separately, as part of an independently contract with the obligee of the original contract. - (
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