Lesson60 seconds
What is Guarantor?
A person who promises to pay if the main borrower does not.
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Simple Definition
A guarantor (surety) contractually agrees to meet the debt if the primary borrower defaults.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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