Guarantor (n) Guarantor is the person assuming responsibility for the performance of an action or obligation of another person or entity, ...
GUARANTOR - A secondary party who becomes obligated to repay a debt for the party primarily responsible who has failed to repay the obligation.
GUARANTOR A person who pledges collateral for the contract of another, but separately, as part of an independently contract with the obligee of the original contract. Compare with "surety." ...
Guarantor: One who makes a guarantee. Guaranty: 1. A statement by a producer that his product meets certain standards, and that if it proves to be defective, he will make restitution; a warranty. 2.
guarantor 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.
Guarantor A person or entity who agrees in writing to pay the indebtedness of another. Guardian One who the law has entrusted with the custody and control of the person or property of a ward.
guarantor: A person that promises to be responsible for the debt of another person if that person fails to pay the debt on time.
GUARANTOR, contracts. He who makes a guaranty. 2. The guarantor is bound to fulfil the engagement he has entered into, provided the principal debtor does not.
Term: Guarantor Definition: A person or entity who agrees in writing to pay the indebtedness of another. Term: Guardian Definition: One who the law has entrusted with the custody and control of the person or property of a ward.
guarantor - A person who gives a legally binding promise to pay another person's debt if that person defaults. guaranty - The legally binding promise to pay another person's debt if that person defaults.
A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness.
"The guarantor irrevocably and unconditionally guarantees the due and punctual payment and performance of all debts, liabilities and obligations of the debtor to the creditor whenever, ...
surety n. a guarantor of payment or performance if another fails to pay ... surplusage n. a term used in analyzing legal documents and pleadings to refe...
In turn, the Bond Agency charges a premium for this service and usually requires collateral from a guarantor. The bail agent then posts a bond for the amount of the bail, to guarantee the arrestee's return to court.[14] ...
[Anglo-French warentir garantir, from garant protector, guarantor] 1 : to guarantee esp. by giving assurances that make one liable or responsible: as a : to give a warranty (as of title) to ...
Bondsman 1) Someone who sells bail bonds. 2) A surety (a guarantor or insurance company) who provides bonds that guarantee another's performance on a contract. Need Legal Help? Get Informed ...
The person who makes a guaranty is called the guarantor. Also known as a guarantee or warranty. Grantor retained income trust ...
A franchise agreement is a contract which is entered into between the franchisor, and the franchisee (and any guarantors, or others) in which the relationship between the franchisor and franchisee (and others) is described, in detail.
if the principal to a contract fails, as collateral, and as part of the original contract. Technically, where a person provides collateral after or before the original contract is signed, and as a separate contract, the person is called a "guarantor" ...
Gross negligence: Act or omission in reckless disregard of the consequences for the safety or property of another; more than simple carelessness or neglect. Gross negligence by an employee may justify summary dismissal. Guarantor: Person who ...
Technically, where a person provides collateral after or before the original contract is signed, and as a separate contract, the person is called a "guarantor" and not a "surety.
See also: Law, Person, Will, Court, Term
 
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