Guarantor

Business, Legal & Accounting Glossary

Definition: Guarantor


Quick Summary of Guarantor


A person who makes a legally binding promise to either pay another person’s debt or perform another person’s duty if that person defaults or fails to perform. The guarantor gives a “guaranty,” which is an assurance that the debt or other obligation will be fulfilled.




What is the dictionary definition of Guarantor?

Dictionary Definition


one who provides a warrant or guarantee to another

n. a person or entity that agrees to be responsible for another’s debt or performance under a contract if the other fails to pay or perform.


Synonyms For Guarantor


surety, warranter, warrantor

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/guarantor/
Modern Language Association (MLA):
Guarantor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/guarantor/.
Chicago Manual of Style (CMS):
Guarantor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/guarantor/ (accessed: September 23, 2021).
American Psychological Association (APA):
Guarantor. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/guarantor/

Definition Sources


Definitions for Guarantor are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.