guarantor
Americannoun
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a person, group, system, etc., that guarantees.
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a person who makes or gives a guarantee, guaranty, warrant, etc.
noun
Other Word Forms
Etymology
Origin of guarantor
First recorded in 1850–55; guarant(ee) + -or 2
Explanation
A guarantor is a person who helps someone who's borrowing money by promising to pay it back to the lender if the borrower is unable to. Sometimes you also need a guarantor to rent an apartment. If you're young, don't have a regular job, have a bad credit score, or don't have much money in the bank, you may need a guarantor in order to get a loan from a bank. The job of the guarantor is to guarantee that the loan payments will be made — by them, if necessary. You can also use this word for people who make other guarantees: "The health department is a guarantor of food safety in our city's restaurants."
Vocabulary lists containing guarantor
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Garden Fresh, Logan’s Roadhouse Inc. and Fox & Hound, a unit of Last Call Guarantor LLC, are among the chains that have cited hefty borrowings in their chapter 11 filings.
From The Wall Street Journal • Oct. 16, 2016
"Fate leaves me no alternative!" cried grizzled Guarantor Wu.
From Time Magazine Archive
Guarantor: As usual with munitions loans, Skoda and other participating firms are protected by their Government's guarantee of the entire loan, the Bolshevik bonds to be shortly listed on the Prague Exchange.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
