guarantor

USAGE SUMMARY

The word "guarantor" is a correct and usable word in written English.
It usually refers to a person who makes a promise or acts as a pledge to make sure something is done or to ensure that another person will perform a duty. For example: "My parents are my guarantors—they agreed to make sure I paid my rent on time each month."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

They met up, talked it through and basically what was needed was that my mother had at least £40,000 in equity in her home to be able to act as a guarantor, and that I had to complete a full year at university.

The Guardian - Money

Eastbourne Liberal Democrat MP Stephen Lloyd, who said he would act as a guarantor to ensure that the relatives returned to Zimbabwe after the funeral, paid tribute to Andrea and her family and said they had acted with "dignity" throughout a "long and upsetting battle".

The Guardian

Cheung is named as the guarantor in the documents, headed "Venetian Macau Limited Junket Credit Agreement".

The Guardian

Furthermore, if you're signing as a rent guarantor, make sure you know what this entails: you'll be legally liable for the rent or covering the costs of any damage.

The Guardian

While Orbán has sometimes defended himself in the same way Putin has – he is the sole guarantor of order, without him everything would be even worse, fascists might take over – the elections show the real dynamic to be the other way around.

The Guardian - Opinion

As a guarantor, parents are also entitled to information on the Tenancy Deposit Scheme their offspring's deposit has been paid into.

The Guardian

The rent obtained has to be equal to at least 125% of the monthly mortgage interest, and apart from acting as guarantor, "additional security will be required in the form of a collateral charge over the parental property" if the loan is above 80%.

The Guardian - Money

There are other guarantor mortgages around, such as Aldermore Bank's Family Guarantee Mortgage, which also offers loans worth up to 100% of the property, although only to those over 21 years of age, and at fixed rates starting at 5.48%.

The Guardian - Money

For landlords, it provides an insurance against loss of rent, but parents acting as a guarantor should check the tenancy clearly to avoid potential pitfalls.

The Guardian

Under this proposal Belgrade would be the guarantor of the Serb enclave's autonomy, rather than Belgrade and Pristina together, giving it a status similar to the South Tirol in Italy.

The Guardian

The White House views the Saudi royal family as a guarantor of stability, and US troops in the country are seen as fuelling militant opposition to it.

The Guardian

Expert writing Tips

Best practice

When acting as a "guarantor", carefully review the terms and conditions of the agreement to fully understand the extent of your liability. Ensure you're comfortable with the potential financial risks.

Common error

Avoid assuming that your liability as a "guarantor" is limited. Unless explicitly stated otherwise, you may be responsible for the entire debt or obligation, not just a portion of it. Always clarify the scope of your guarantee in writing.

Linguistic Context

The term "guarantor" primarily functions as a noun, designating a person or entity assuming responsibility for another's obligations. Ludwig AI confirms its correct usage in diverse contexts, as seen in the provided examples.

Expression frequency: Very common

Frequent in

News & Media

38%

Formal & Business

32%

Science

30%

Less common in

Ludwig's WRAP-UP

The word "guarantor" is a grammatically sound noun, used to describe an entity that provides a guarantee. Ludwig AI underlines its correct usage, highlighting the term's prevalence across various domains, especially in News & Media and Formal & Business settings. To avoid confusion, remember to fully understand the extent of the liabilities when acting as a "guarantor". Considering the diverse range of sources, it's clear that this term plays a significant role in ensuring stability and security in financial and legal agreements.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

surety

Focuses on providing a pledge or security for another's debt or obligation.

warrantor

Highlights the act of providing a warranty or guarantee.

cosigner

Specifically refers to someone who signs a document alongside another person, accepting joint responsibility.

endorser

Implies supporting or vouching for someone or something, often financially.

backer

Suggests providing support, often financial, to ensure success or stability.

sponsor

Implies providing resources and support for a specific purpose or event.

certifier

Emphasizes the act of attesting or confirming the validity or quality of something.

underwriter

Commonly used in financial contexts to refer to an entity guaranteeing an offering.

insurer

Suggests protecting against financial loss or risk.

bondsman

Specifically refers to someone who provides bail for another person.

FAQs

How is "guarantor" used in a sentence?

The word "guarantor" is used to describe a person or entity that provides a guarantee. For example, "My father acted as the "guarantor" for my student loan."

What is another term I can use instead of "guarantor"?

Depending on the context, you can use words like "surety", "cosigner", or "endorser" as alternatives to "guarantor".

What responsibilities does a "guarantor" have?

A "guarantor" is responsible for fulfilling the obligations of another party if that party defaults. This can include paying debts, covering damages, or ensuring performance of a contract.

What should I consider before agreeing to be a "guarantor"?

Before agreeing to be a "guarantor", carefully assess the financial risk, understand the terms of the agreement, and ensure you trust the other party to fulfill their obligations. Consult with a legal professional if needed.