A person who agrees to guarantee the debts of another. If the borrower fails to make his/her payments then the guarantor will be obliged to make those repayments.

A person who gives a legally binding promise to pay another person's debt if that person defaults.

State agency or private non-profit institution that insures student loans for lenders and helps administer the FFELP. See also guaranty agency.

This is a person who will guarantee that the mortgage repayments are made in the event of default by the borrower. Usually this will be a parent or relative of a borrower. It should be remembered that a guarantor would be fully liable for repayment of the mortgage amount if a borrower defaults. The guarantor should therefore be confident that the borrower will meet all the necessary monthly payments.

A person who gives a written guarantee to accept responsibility for repayment of a debt should the borrower fail to meet their commitment. Such a debt may sometimes be secured against an asset belonging to the guarantor.

The person who, under a guarantee, promises to meet the debts of the principal debtor upon the principal debtor defaulting in the payment of the debts. (See guarantee) Click here to go back to the glossary. If you entered from another page click your web browsers "back" button

A person who undertakes to guaranty something or act as surety.

One who guarantees an obligation and has a legal duty to fulfill it.

A person who agrees to be responsible for the payment of another person's debts. Also known as a co-signer.

The person who makes the guarantee• Guarantees

A guarantor is a person that has accepted the responsibility of paying someone elseâ€(tm)s debt.

A state, regional, or national organization that acts as an agent for the federal government in the administration and insurance of FFELP loans made by private lenders. Also called "guarantee agency' or "guaranty agency"

A nonprofit organization acting as an agent for the federal government to administer and insure the loan under the Higher Education Act.

Term used when an extra person will be party to the mortgage but not living in the property, when the client doesn't have the affordability to buy the property themselves.

someone who agrees to guarantee your loan, and is fully liable for its repayment should you default. Some parents do this for their children when they buy their first home.

Guarantee agencies are responsible for approving student loans and insuring them against default. Guarantee agencies also oversee the student loan process and enforce federal and state rules regarding student loans. If a borrower defaults on an educational loan, the guarantee agency assumes responsibility for collecting the loan and repays the lender. This means that guaranteed educational loans are extremely low-risk loans for the lender, despite being unsecured. Each state has a different guarantee agency that administers the Federal Stafford and PLUS loans for students in that state. There are 41 guarantee agencies for educational loans in the United States. The state guarantee agency is the best source of information about FFELP loans in that state. Although the federal government sets the overall structure of the FFELP loan program (for example, loan limits and interest rates), each state may set additional restrictions on the loans, within federal guidelines. For the name, address, and telephone number of the state's guarantee agency, call the Federal Student Aid Information Center at 1-800-433-3243 (1-800-4-FED-AID).

Someone who has agreed to pay the bill.

A person who agrees to be responsible for the payment of anothers debt, should they default. Instalment - The regular periodical payment that is required to be paid to the lender

An entity, such as an insurer, that promises to pay an obligation in the event the obligor fails to do so.

Person providing security for finance.

A person who promises to pay your debts if you are unable to pay them yourself

A secondary party, either a person or company, who guarantees payment in the event of default by the responsible primary party to a transaction. Typically there are specific terms and conditions set for the guarantor that must be met in the case of default.

An individual who is responsible for another person's loan or other debt in the event that the principal debtor defaults and cannot meet the debt.

This is a person who goes on a loan or mortgage with you and guarantees that they will pay your debt for you if you do not. They have to have good established credit, income and assets in order to qualify as a guarantor.

Someone who guarantees to repay the mortgage if the borrower can't or won't for any reason. Guarantees are usually entered into where the borrower's circumstances would not allow them to borrow enough to buy the home they want. For example, parents may act as guarantors for their children when they buy their first home.

A person who is financially responsible for the repayment of a credit account but has no use privileges.

A person who promises to act as a Guarantor – that is be answerable – for the debt of another person.

The person giving the guarantee. For example, parents acting as guarantor for a loan for their children. Most lenders will require the guarantor to get legal and financial advice before approving such a loan.

A person (other than the borrowers) who guarantees the mortgage repayments in the event the borrower defaults. The guarantor may be requested by the lender to guarantee the entire mortgage or only a proportion. ( )

Someone who agrees to guarantee your loan or payments should you default

one who provides a warrant or guarantee to another

an individual that is qualified to guarantee the performance of the tenant

a person or business who agrees, usually in writing, to pay an obligation of a third party to a creditor in the event that the third party is unable to pay the obligation

a person who agrees (in an enforceable contract) to repay the amount of the loan (often all that is owed under the contract) if the borrower defaults on the loan

a person who can confirm your identity or that of your child

a person who confirms your identity

a person who effectively is legally, morally and financially responsible for you while in Japan

a person who promises that you will not overstay your visa, work illegally or break the law in any other way, and will ensure that you have enough money to live on, and enough to return to your own country when your visa expires

a person who promises the lender that they will repay a debt if the principal debtor defaults

a person who promises to answer for the debt or default of a third party

a person who promises to be responsible for what another person owes

a person who promises to pay the lender in case the borrower (poker player) fails to make payments

a person who undertakes (by signing a legal guarantee document) to repay the debt if the the borrower is unable to repay the amount

a person willing to accept responsibility for your behavior while you're in Japan and may be your employer, a school, a relative, etc

a state agency or private company that insures student loans for lenders

a third party who has no interest in a property but agrees to assume responsibility for a debt in the event of default by the mortgagor

a third party who will be responsible for any loans or debts in the event of the default of the borrower

An individual or a corporation who takes on financial responsibility for another's debt.

A secondary party who agrees to become obligated to repay a debt for the party primarily responsible if the party responsible fails to repay the obligation.

Should the mortgage provider not be entirely satisfied with the financial credentials of the borrower they may require that a more financially secure person promises to pay the borrower's debt should problems arise. Many parents offer to fulfil this role, especially for first time buyers.

A party who guarantees repayment of a loan, using their own assets if necessary.

The agency that insures the guaranteed education loans made by lenders. The guarantor can sometimes help on your behalf if you have problems that can't be resolved by your lender or servicer.

guarantor is a person who signs a loan or hire purchase contract agreeing to be responsible for paying off the amount owing if the borrower does not pay.

One who guarantees the performance of another.

One who by contract undertakes to answer for the debt, the thought, and miscarriage of another.

A state or private not-for-profit organization that has an agreement with the U.S. Secretary of Education to administer a loan guarantee program under the Higher Education Act.

A person or entity that takes the financial responsibility of another personâs debt or other obligations in the case of default.

This is when someone agrees to be responsible for the payment of another person's debts should they default on their repayments.

This is like an insurance company. The guarantor has a contract with the lender* to pay off a student loan under special circumstances.

A person who enters into a secondary agreement to become liable for the debt of the borrower(s) if the borrower(s) defaults.

An individual who promises to be answerable for the debt of another.

If a guarantor is named on a mortgage agreement, they are personally responsible for payment of the mortgage if the borrower does not keep up the repayments.

A person who agrees to be responsible for the payment of another person's debts is a guarantor.

If financial conditions are not met, a landlord may require a lease co-signer or guarantor. Landlords prefer a family member who lives and owns property in New York, New Jersey or Connecticut. The guarantor must earn ample income, often as much as 100 times the monthly rent. Extensive financial documentation and cumbersome paperwork may be required. Prepare your potential guarantor for this possibility in advance. Employers seldom guarantee on behalf of employees. Discuss this in more detail with your broker in advance

An individual or business that promises to perform all of the lessee's obligations, including making payments should the lessee fail to do so.

A state agency or non-profit organization that administers student loan programs. These agencies insure lenders against losses due to a borrower¹s default, death, disability or bankruptcy. Sometimes the lender is also the guarantor.

A person or legal entity who or which guarantees the repayment of the debt to a third party.

An individual or company who guarantees payment of a debt due by another person.

is a person that signs a guarantee with a lender and promises to repay a borrower's loan if the borrower can't or won't.

This is the person giving the guarantee. Most lenders will require the guarantor to seek legal and financial advice before giving the guarantee.

A person who agrees to take responsibility for another's debts.

An individual or entity that agrees to repay the lender all or part of the principal and interest on behalf of a borrower, in the event that the borrower fails to make these payments as required by the loan agreement. Back to the top

As defined by CERCLA §101(13): "any person, other than the owner or operator, who provides evidence of financial responsibility for an owner or operator under this Act." azard Ranking System (HRS). A scoring system used to evaluate potential relative risks to public health and the environment from releases or threatened releases of hazardous substances. EPA and states use the HRS to calculate a site score (0-100) based on the actual or potential release of hazardous substances from a site through air, surface water or ground water. A score of 28.5 places the site on the National Priorities List.

A state or private, non-profit organization that administers a student loan insurance (guarantee) program for either federal or private loans.

Party who agrees to be responsible for payment of another person's debt

A person who makes a legally binding promise to either pay another persons debt or perform another persons duty if that person defaults or fails to perform.

The party that promises to pay the lease payments to the lessor in the event the lessee defaults.

TERI is the guarantor of education loans made under its loan programs.

A state or private non-profit agency that has an agreement with the Secretary of Education which authorizes the entity to guarantee a student loan under a program of the Higher Education Act. The guarantor is the agency that guarantees to the lender on behalf of the Education Department that Federal Stafford Loans and Federal PLUS Loans will be repaid in certain circumstances if a borrower defaults.

A third party who agrees to guarantee payment to the lender in the event of payment arrears.

This is a third party complying with the Warrant Listing Requirements and whom provides a guarantee in favour of warrant holders, that that they will honour the obligations of the warrant issuer, in the event that the warrant issuer fails to fulfil their obligations

Someone who guarantees another's mortgage payments. If the borrower is unable for any reason to repay their mortgage, the guarantor will have to make the payments on their behalf, or possibly face having any property they put up as security repossessed by the lender.

A person with an established credit rating and sufficient earnings who guarantees to repay the loan for the borrower if the borrower does not.

One who promises to be responsible for the debt or default of another.

Someone who will co-sign your lease and agree to pay rent if you fail to do so - if you have bad credit or low income, a guarantor may be accepted by a landlord

a state or nonprofit private agency that administers the Federal Family Education Loan Program (FFELP) in each state. KHEAA is the guarantor for Kentucky.

Person who promises to repay a debt incurred by another (also referred to as co-maker or co-signer).

A guarantor is someone who guarantees to pay your mortgage if you can't or won't for any reason. Higher Lending Charge This charge is payable (usually added on to your loan) if you borrow more, for example, than 90% of the valuation or purchase price of your property.

The third party who is providing the guarantee for the borrower.

An agency that insures repayment of student loans for lenders and/or administers the student loan insurance program for the federal government.

An individual or entity who undertakes responsibility for an obligation of another.

A person who undertakes to pay the debt of another in the event of default by the original debtor.

State or non-profit agency that insures the student loan for lenders and administers the student loan insurance program for the federal government.

Someone who guarantees an obligation of another.

This person repays and debt incurred if you are unable to do this yourself. Back to the Top

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.

The fee paid to the loan guarantor to insure against loan default. For federal loans, it is usually one percent of the loan amount.

A guarantor is a person other than the borrower who guarantees the mortgage repayments. A Guarantor can sometimes be used to support a borrower who has insufficient income to qualify for a mortgage in their own right. The Guarantor will normally need to have sufficient income to support the new mortgage in its entirety after taking into account any existing mortgage and other commitments they have personally. The Guarantor becomes responsible for the whole mortgage repayment if the borrower defaults.

An individual that countersigns a loan. By doing so, they guarantee payment of the loan if the mortgage holder defaults on payment.

One who is obligated on a guaranty agreement.

A person (see definition of “ Person”) who takes on financial responsibility for another's debt.

Someone who makes a guarantee or gives some security for a debt.

Someone who guarantees to pay the debt of an individual should that person find himself/herself unable to pay his/her own debt.

individual who is responsible for paying the services provided to recipient/patient. ...Abbreviation and...

A person, other than the borrower, who agrees to stand guarantee for a loan or mortgage, should the borrower default on their payments. The guarantor is fully liable for the loan and has to demonstrate an ability to meet the payments. As it is a serious undertaking, guarantors tend to be a parent or close relative of the borrower.

A party who will guarantee repayment or performance of a covenant.

An organization that administers the Federal Family Education Loan (FFEL) Program on behalf of the U.S. Department of Education. If a borrower defaults on a FFEL Program loan, the guaranty agency buys the loan from the holder and collects it from the borrower.

A person who makes a legally binding promise to either payanother person's debt or perform another person's duty if that person defaults or fails to perform.

the agency or institution that insures up to permissible limits against loss to lenders in the event of a default. The Commission is the designated guarantor for borrowers in the Federal Family Education Loan Program (FFELP).

An individual, institution or other entity that guarantees to repay a debt if the borrower defaults. Under the Federal Home Loan Mortgage Corporation's Guarantor Program, original lenders sell ('swap') loans to Freddie Mac in exchange for Participation Certificates.

One who makes a guaranty. See also “ Guaranty”.

A person, such as a friend or family member, who agrees to ‘guaranteeâ€(tm) the credit – that is, take responsibility for paying off your loan or goods if you canâ€(tm)t.

The person or persons responsible for payment must be 18 years or older and legally competent.

A person guaranteeing performance of certain obligations by another person. Also refered to as a Covenantor.

The agency or institution that insures up to permissible limits against the loss to lenders in the event of default. Half-Time Half-time enrollment is at least 6 credits for undergraduate students and 5 credits for graduate students. Interest Rate The interest rate is the annual percentage of the loan amount that is charged for its use. This is on your loan note and in your repayment information.

A party who agrees to be responsible for the payment of another party’s debts should that party default.

Someone who makes a binding commitment to fulfil agreed obligations (financial or otherwise) of a tenant who reneges on, or breaches, the terms of their tenancy agreement.

A guarantor is a person who assumes financial responsibility of a lease for a tenant or tenants who otherwise would not meet the landlords financial qualifications. For example, someone attending law school who might not have an income would use a guarantor, often a family member, to satisfy the landlord that rent payment will not be a problem. The guarantor is a 'backstop' for the tenants in the event of non-payment. Guarantors generally need to make 80 times the months rent in annual income to qualify.

A person who agrees to indemnify the holder of a loan all or a portion of the unpaid principal balance in case of default by the borrower.

A person who promises to pay the borrower's debt, usually if the borrower fails to.

A co-signer of a mortgage debt who agrees to make payment should the mortgagors fail to do so. Guarantors must also qualify to carry the mortgage debt just as the purchaser must.

A state agency or private, nonprofit organization that administers a student loan insurance program. Loan Deferment: Deferment periods are periods during which payment on a loan is postponed. You may still have to pay interest. Once you begin repaying your loan, you are entitled to a deferment under certain conditions. New Mexico Student Loan Guarantee Corporation: The organization that guarantees PLUS and Stafford Loan programs in the state of New Mexico. The federal government sets loan limits and interest rates, but each state is free to set its own additional limits within federal guidelines. The corporation's mailing address is P.O. Box 27020, Albuquerque, NM, 87125-7020. The telephone number is 345-8821. New Mexico Student Loans : Provides financial assistance to qualified persons by making, financing, buying and servicing educational loans. One of the many loans it administers is the New Mexico Nursing Student Loan.

Someone who agrees to be responsible for another person’s mortgage in case of default. HOLDING DEPOSIT: A refundable goodwill deposit to show a buyer's intention to purchase.

An individual that agrees to pay the debt of another. Back to the Top Independent Dealer Independent used car lots, automobile brokers, and leasing companies are not franchise dealerships. A franchise dealership normally has an affiliation with the manufacturer included in its name.

A person who guarantee's to pay out a loan for you in the event you are not able to make the repayments yourself. A lender may require someone (i.e. a family member) to guarantee your loan if you would not be eligible for the loan in normal circumstances.

One who makes a guaranty or promises to pay a third party's obligations. Search | Home

AN UNDERTAKING GIVEN BY A PERSON CALLED THE GUARANTOR PROMISING TO PAY THE DEBTS OF ANOTHER IF THAT OTHER PERSON FAILS TO DO SO.

A person who agrees to be responsible for another party’s debt

The individual responsible for paying this bill. Patient statements are addressed to this person.

The person ultimately responsible for paying a bill.

The agency or institution that repays lenders in the event of a default in the FFEL Program.

One who agrees to pay the debt of another.

The parent or guardian responsible for paying the bill.

a party who has legally agreed to be responsible for the payment of another party's debts.

A state agency or private, nonprofit institution or organization that insures lenders against losses due to a borrower's default, death, disability, or bankruptcy.

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."

A third party person without interest in the property who agrees to assume responsibility for a debt in the event of default by the mortgagor.

This is the person giving a guarantee. Most lenders will require the guarantor to get independent advise before giving the guarantee. . Please click the back button of your browser to return.

a person who guarantees to repay a loan in the event that the borrower defaults.

The guarantor pays the lender or other source of funds for the loan in the case of default. The guarantor then attempts collection from the borrower at that time.

A state or private, nonprofit organization that has an agreement with the Department of Education to run a student loan insurance program.

A person who is prepared to guarantee rental payments and other obligations of a tenancy. The guarantor will be liable for rental payments if a tenant is unable to pay them, so the guarantor will need to have a regular income. Normally references or credit search references will be taken up on a guarantor. High Rent tenancy: Tenancy agreement when the annual rent is over £25,000 per annum and known as a contractual tenancy.

One who gives a guarantee.

A non-profit organization that guarantees that if a borrower defaults, they will pay on the loan. UT Austin's primary guarantor is Texas Guaranteed Student Loan Corporation(TG).

The final responsible party on a bill after insurance (if applicable). It is essentially the person responsible for paying the balance due.

One who undertakes that the promises of another will be fulfilled, known in the Consumer Credit Act as surety (see also 'Guarantee').

This is the person who agrees to repay a mortgage if you can't. With some lending institutions you can borrow more if you have a guarantor.

A merchant accounts are personally guaranteed. Guarantor agrees to personally guarantee (make good o...

We require that a personal guarantor sign almost every merchant application. By signing, this person agrees to personally guarantee (make good on) any processing losses Humboldt Bank incurs as a result of our business relationship with this merchant. This is the person or per-sons for whom we order a personal credit report for review by our underwriters. It is appropriate to think of a personal guarantor as akin to a co-signer.

A person who commits to guarantee the debts of another. For example if an individual fails to meet his/her obligations on say hire purchase repayments, the guarantor will be obliged to make those repayments.

an individual or company that has agreed to be responsible for the acts or omissions of another.

A third party who agrees to guarantee payment to the lender in the event that you are in default.

A person who agrees to guarantee a loan. With some lenders you can borrow more money with a guarantor. They are responsible for the mortgage payments if you can't afford to pay them.

The individual or organization that is responsible for payment

A person or business promising to perform all of the lessee's obligations - including making payments should the lessee fail to do so.

if a borrower does not earn enough to cover their own mortgage then in some cases a guarantor can be brought in. The guarantor is a relative that agrees to undertake the borrower's debts if it happens that they are unable to repay the mortgage themselves. If you are considering becoming a guarantor then it is vital that you understand your responsibilities thoroughly.

A person/s who agree to be responsible for the payment of another person's debts.

The individual or entity that quarantees to repay a debt if the borrower defaults.

A state, regional, or national organization that acts as an agent for the federal government in the administration and insurance of FFELP loans made by private lenders. Maine's guarantee agency is the Finance Authority of Maine (FAME).

A secondary party who agrees to repay the debt of another if that person does not pay.

A person who makes a legally book jacket promise to either pay not the type person's debt or perform something else person's duty if that person defaults or fails to perform.

Is any person who has agreed to guarantee your mortgage responsibilities. Higher Lending Charge A 'higher lending charge' is a fee to cover the cost of purchasing a mortgage indemnity insurance policy. We do not charge our borrowers for the cost of purchasing this cover.

The person or legal entity who makes a guaranty. See also Guaranty.

A state agency or private, not-for-profit organization that insures lenders against losses due to a borrower's default, death, disability, or bankruptcy.

A person who guarantees to pay for someone else's debt if they default on their loan obligation.

Person providing a seperate personal coverant over and above a named party in a contract regarding some obligation.

Is a person who agrees to guarantee that a loan will be paid. The guarantor is therefore fully liable for the repayment of the borrowed amount should the borrower default.

A person or company that provides a guarantee.

A state or private nonprofit organization that agrees to reimburse the holder of a loan if the borrower does not honor his or her repayment obligation.

A guarantor has the same responsibilities as a co-signer. If the loan goes into default and is not paid by the signer(s) of the loan, the guarantor is responsible.

One who promises to pay a debt or perform an obligation contracted by another in the event the original obligor fails to pay or to perform as contracted.

A guarantor is a person who promises to be answerable for the debt of another.

the person who provide a guarantee on behalf of another

A party who agrees to answer for the debt or obligations of another if that other party fails to pay or perform.

The person who provides the guarantee that the applicant will repay the loan as per the terms and conditions of the loan. He/she is liable to pay the loan in case of failure of repayment by the applicant.