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Definitions from the Web

Constitutor

Description:

A constitutor refers to someone who agrees to be responsible for the debt or obligation of another person or entity.

Part of Speech:

• Noun

Senses:

1. A person who assumes the liability of another person or entity

Usages:

- In legal proceedings, a constitutor may be required to pay off the debt of a debtor if the debtor is unable to fulfill their obligation.

- The role of constitutor is common in surety and guarantees, where one party agrees to be responsible for a debt if the original debtor defaults.

Sample Sentences:

1. The businessman acted as the constitutor for his brother's loan, promising to repay the amount if his brother couldn't meet the payments.

2. The constitutor provided a guarantee for the mortgage, assuring the lender that the debt would be settled in the event of default.

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