Guarantor

usgb/ˌɡærənˈtɔːr/
noun

A person, organization, or thing that makes a promise that certain conditions will be fulfilled.

The bank required a guarantor before it would approve the loan application.
Visual representation of "guarantor" - A person, organization, or thing that makes a promise that certain conditions will be fulfilled.

Often appears as...

  • act as a guarantor
  • guarantor of the loan

Usage tips

Formal

Academic

Definition 1 of 3
Visual representation of "guarantor"
LampPro Tip 1/2

Condition Assurance

Think of a guarantor as a safety net, promising that what's agreed upon will actually happen.

Illustration for Condition Assurance
Her aunt was the guarantor for her student exchange program, ensuring all conditions were met.
LampPro Tip 2/2

Transactional Trust

A guarantor is involved in situations requiring high trust, often related to financial agreements.

Illustration for Transactional Trust
Without a guarantor, the young entrepreneur could not lease the office space.
Visual representation of the word "Guarantor"

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