Guarantor: Canada Debt .ca defines Guarantor

Bankruptcy Term Guarantor

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Canada Debt has the definition to the bankruptcy and debt term Guarantor. Finding answers to terms such as Guarantor can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Guarantor in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Guarantor' is used as follows:

A person who pledges collateral for the contract of another or who guarantees to pay a certain debt of a debtor if the debtor defaults..