guarantor

(redirected from guarantors)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.

guarantor

a person who gives or is bound by a guarantee or guaranty; surety
References in periodicals archive ?
Another common defense utilized by personal guarantors is to assert that they cancelled their guarantor prior to the debt being incurred.
Credit exposure to the financial guarantors is considered manageable for the major U.
An alternative that may be more effective is to specify that, in the event tenant files for bankruptcy and rejects the lease, guarantor then has an option to step-up and lease the premises, but in any event is liable for damages as if it was at that point the primary tenant.
Negative headlines and the well-publicized potential for rating actions on financial guarantors have prompted increased inquiry regarding ABCP programs' exposure to the sector.
For this reason, it is important that guarantors attempt to narrow the scope of the indemnity agreement to the extent a lender will allow.
Unless the guarantor consents to the changes, a material alteration to the terms and conditions could discharge the personal guarantor.
Newcastle CAB say it has seen a reduction in payday loan problems but chief exec Shona Alexander warns guarantor loans are just as dangerous.
It also highlighted that guarantors could still be liable to pay off a debt even if the borrower had died, and warned that guarantors were not regarded as "customers" by regulators, therefore missing out on basic protections most debtors would receive.
A new report from the charity says guarantor loans, where a borrower typically gets a friend or relative to be their substitute should they default on repayments, can be just as damaging as payday loans.
Earlier, the lenders had red-flagged a proposal that guarantors of loans-turned-bad be let off the hook.
ISLAMABAD -- Supreme Court (SC) has reserved judgment on NAB appeal filed against high court decision for declaring innocent one Mukhtar, guarantor of Sharif family in the case filed against Ittefaq Foundry for defaulting on payment of one billion rupees.
In order to increase the expediency of the attachment process, lenders should conduct the necessary due diligence and obtain all details of the unencumbered assets of the guarantors, including but not limited to funds in bank accounts, real estate properties, immoveable properties, vehicles, shares/stocks etc.