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Guarantor

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.20 sec.
Guarantor
A person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.

Notes:
Usually, people with poor credit can only get a loan if they have a guarantor.

Guarantor
A party who will guarantee repayment or performance of a covenant.
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The most favorable to the tenant merely requires delivery of vacant possession of the premises whereupon the guarantor is released from liability for the payment of rent.
Advantages of a 'good guy' lease guaranty by Moerdler, Jeffrey A. / Real Estate Weekly
FINANCIAL GUARANTORS--A financial guarantor lends its rating to a security for a fee.
A secure package: life insurers are becoming more creative in ... by Silverman, Stuart / Best's Review
Normally a loan guarantee would not cause a guarantor to fall into this category because the guarantor would be entitled to reimbursement for any payments made.
Debt allocation and LLCs by Schnee, Edward J. / Journal of Accountancy
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