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guarantor |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.06 sec. |
guarantor Noun a person who gives or is bound by a guarantee or guaranty
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| The most favorable to the tenant merely requires delivery of vacant possession of the premises whereupon the guarantor is released from liability for the payment of rent. FINANCIAL GUARANTORS--A financial guarantor lends its rating to a security for a fee. Normally a loan guarantee would not cause a guarantor to fall into this category because the guarantor would be entitled to reimbursement for any payments made. |
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