guarantors

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Definitions from WordNet

Noun guarantor has 1 sense

guarantor, surety, warrantor, warranter - one who provides a warrant or guarantee to another
--₁ is a kind of patron, sponsor, supporter

Derived form: verb guarantee₄

Definitions from the Web

Term: Guarantors

Description:

Guarantors are individuals or entities that take on financial responsibility or underwrite an obligation on behalf of another person or entity. They offer a promise of assurance to ensure that a debt or obligation is fulfilled if the original borrower fails to repay or meet their obligations.

Sample Sentences:

The bank required two guarantors before approving the loan.
The landlord required guarantors with a stable income to lease the property.
The company's financial success attracted several high-profile guarantors who were willing to invest.

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