Financial Agreements Glossary

noun a person who holds a lease on a property

• The leaseholder is responsible for maintaining the property according to the terms of the lease agreement.
• As the leaseholder, you have the right to live in the apartment as long as you follow the rules.
• The leaseholder scored a sweet deal on their new place.
• Being a leaseholder of your own destiny means taking control of your life choices.

noun adpromissores - a Latin term referring to guarantors or sureties who promise to fulfill a debt or obligation if the primary debtor fails to do so

• The adpromissores are responsible for guaranteeing the fulfillment of the contract terms.
• The adpromissores have to make sure the contract is fulfilled.
• Those adpromissores better hold up their end of the deal.
• The adpromissores act as the safety net for the contract.