Guarantor

Legal Definition and Related Resources of Guarantor

Meaning of Guarantor

He who makes a guaranty.

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Related topics Guarantor in the World Encyclopedia of Law

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This definition of Guarantor is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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https://legaldictionary.lawin.org/guarantor/ The URI of Guarantor (more about URIs)

Concept of Guarantor in the context of Real Property

A short definition of Guarantor: One who makes a guaranty.

Concept of Guarantor in the context of Real Property

A short definition of Guarantor: One who makes a guaranty.

Guarantor

What is Guarantor?

A definition of guarantor is: One who makes a guaranty. More details on the Encyclopedia. Person who becomes secondarily liable for another’s debt or performance in contrast to a strict surety who is primarily liable with the principal debtor. One who promises to answer for a debt, default or miscarriage of another.

More about the Concept of Guarantor

For purposes of United States Uniform Commercial Code Article 3, a party to an instrument who, by adding words to her signature, makes either a guaranty of collectibility or a guaranty of payment. More details on the Encyclopedia. A guarantor is usually also an accommodation party.[1]

Resources

Notes

  1. “Guarantor” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also

  • Surety

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