Guarantor

Pronunciation: /ˈɡerənˌtɔr/

Definitions of guarantor

noun a person or organization that gives a guarantee, typically to pay a debt if the original debtor does not

Example Sentences

A1 A guarantor is someone who promises to pay back a loan if the borrower cannot.

A2 When applying for a rental apartment, the landlord may ask for a guarantor to ensure the rent will be paid.

B1 Having a guarantor can help increase your chances of getting approved for a loan.

B2 The bank required a guarantor to co-sign the loan agreement.

C1 The guarantor's signature on the contract legally binds them to fulfill any financial obligations if the primary borrower defaults.

C2 As a guarantor, you should carefully consider the risks involved before agreeing to co-sign a loan.

Examples of guarantor in a Sentence

formal The guarantor of the loan must meet certain financial criteria.

informal My dad agreed to be my guarantor for the apartment lease.

slang I'll be your guarantor, no worries!

figurative In this story, the wise old owl serves as the guarantor of knowledge.

Grammatical Forms of guarantor

• plural: guarantors
• comparative: more guarantor
• superlative: most guarantor
• present tense: guarantees
• future tense: will guarantee
• perfect tense: has guaranteed
• continuous tense: is guaranteeing
• singular: guarantor
• positive degree: guarantor
• infinitive: to guarantee
• gerund: guaranteeing
• participle: guaranteed

Origin and Evolution of guarantor

First Known Use: 1250 year

Language of Origin: Old French

Story behind the word: The word 'guarantor' originated from the Old French word 'garant', which came from the Frankish word 'warand', meaning to protect or warrant.

Evolution of the word: Originally used in legal contexts to refer to someone who guarantees the fulfillment of an obligation or promise, the term 'guarantor' has evolved to encompass a broader range of contexts, including financial agreements and contracts.