guarantor
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Example Sentences
Example:He is a guarantor of the company’s debts.
Definition:A person or company that pledges to assume the financial responsibility of another person if they default on a loan or other agreement.
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Example:She was the co-signer on her daughter's student loan.
Definition:A person who signs a legal document along with a primary borrower, thereby agreeing to repay the debt if the primary borrower fails to do so.
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