ONE LEGAL WORD - ONE DAY: -GUARANTOR

DRT India :9th Sep 2013

guarantor - Legal Definition

n

One who makes a guarantee.

guarantor n. a person or entity that agrees to be responsible for another's debt or performance under a contract, if the other fails to pay or perform. 

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

guar·an·tor  (grn-tôr, grn-tr)

n.

1. One, such as a person or corporation, that makes or gives a promise, assurance, or pledge typically relating to quality, durability, or performance.

2. One who makes or gives a guaranty.

guarantor [ˌgærənˈtɔː]

n

(Law) a person who gives or is bound by a guarantee or guaranty; surety

Collins English Dictionary – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003

guar•an•tor (ˈgær ənˌtɔr, -tər) 

n.

1. a person, group, system, etc., that guarantees.

2. a person who makes or gives a guarantee.

Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

Guarantor  -Sentence Examples

• It may be possible to secure a guarantor for the tenant, which would be an excellent move.
• They continue, and will continue tomorrow, to be the ultimate guarantor of our security... .
• Guarantor on the mortgage.
• Guarantor mortgages which are fixed.
• Guarantor of stability in the region.
• Guarantor for the tenant, which would be an excellent move.
• In certain circumstances the reference company may require a guarantor.
• Further, iran views the sco as a potential guarantor of future security, experts say.
• Guarantor of peace for more than 50 years will be destroyed.
• Guarantor for the rent.
• If you have agreed to become a guarantor you cannot withdraw from the agreement.
• The market is the best guarantor of efficient delivery.
• Guarantor of religious freedom.
• From time to time we need to ask prospective tenants to provide a guarantor for the rent.
• In some cases you may be required to provide a financial guarantor.
• Guarantor of security.
• Some visitors come in the hope of finding a guarantor to put money down for accommodation.
• Guarantor of consumer rights and to ensure that the consumer gets a fair deal.
• If you have a local council guarantor, they are entitled to take a view on ticket prices.
• Guarantor of quality.