A
loan guarantor is someone who promises to repay a loan if the borrower is unable to or fails to make the loan payments. They act as a backup or a safety net for the lender in case the borrower can't pay back the loan.
Full definition
Synonyms for individual words can be found below.
«loan»
«guarantor»
Phrases with «loan guarantor»
Sentences with «loan guarantor»
- The largest private student loan guarantor in the country — The Education Resources Institute, Inc. (TERI), a nonprofit organization — just filed for Chapter 11 Bankruptcy. (nomorecreditcards.com)
- Until 2008 these loan guarantees were handled primarily by The Education Resources Institute, Inc. (TERI), a nonprofit organization that touted itself as the largest private student loan guarantor in the county. (consumerhelpcentral.com)
- A jumbo loan applies to mortgage loans that exceed the limit — currently $ 417,000 for a one - unit property — to be backed by the government - sponsored loan guarantors Fannie Mae and Freddie Mac. (badcredit.org)
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