Guarantor
(
noun
,
verb
)
(As a noun)
Guarantor ( noun )
- A person or organization that formally guarantees the performance or repayment of another's obligation.
- A person who vouches for the quality or accuracy of something.
Origin:
From the late latin word "garantus" meaning "warrantor" or "surety".
Examples:
- The bank required a guarantor for the loan because the applicant had no credit history.
- My parents acted as guarantors for my apartment lease.
- As a guarantor of the treaty, the United Nations was responsible for enforcing its provisions.
- The guarantor of the loan is responsible for paying it if the borrower defaults.
- The company's reputation served as a guarantor of the quality of its products.
(As a verb)
Guarantor ( verb )
- A person or organization that formally guarantees the performance or repayment of another's obligation.
- A person who vouches for the quality or accuracy of something.
Origin:
From the late latin word "garantus" meaning "warrantor" or "surety".
Examples:
- The bank required a guarantor for the loan because the applicant had no credit history.
- My parents acted as guarantors for my apartment lease.
- As a guarantor of the treaty, the United Nations was responsible for enforcing its provisions.
- The guarantor of the loan is responsible for paying it if the borrower defaults.
- The company's reputation served as a guarantor of the quality of its products.