guarantor

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guarantor

a person who gives or is bound by a guarantee or guaranty; surety
References in periodicals archive ?
The loophole lies in Article 17 of the law on moneylenders, which only obliges such lenders to notify a guarantor of the amount and interest rate of the initial loan.
This article discusses the treatment of these payments and payments by guarantors of the entity's debts.
Voluntary Flexible Agreements between guarantors and the U.
These borrowers cheat the guarantors by convincing them in the beginning that there will not be any defaulting of loans.
The guarantor will have to pass a credit check and be able to demonstrate they can afford the repayments if you fail to maintain them.
Citizens Advice said those put forward as a guarantor on behalf of a borrower were unknowingly signing up to guarantee expensive loan repayments, and being pursued in the case of default or arrears.
The guarantor market is worth PS154million with loans typically ranging from PS1,000 to PS7,500 over 12 to 60 months.
According to unnamed government sources cited by CNA, the finance ministry now proposes that guarantors are called to settle the principal debtor's dues when the latter is unable to do so.
NAB had arrested director and guarantor of Sharif family Mukhtar on February, 4, 2000 for not paying back the loans.
When drawing up the licence, the landlord did not consult the guarantor or bring the guarantor into the discussions surrounding the alterations.
July 22, 2013 /PRNewswire/ -- Hackard Law attorneys regularly represent and defend California borrowers and guarantors in lender-initiated lawsuits.