A
personal guarantor is someone who agrees to take responsibility for another person's debt or obligations. If the person who owes money or has a duty fails to meet it, the
personal guarantor will be legally obliged to fulfill the commitment instead.
Full definition
Similar and related words and phrases are presented below.
«personal»
«guarantor»
Related phrases
Sentences with «personal guarantor»
- Similar to foreign nationals and foreign corporations: properties and portfolios to be owned by Corporations & LLCs will have a completely different bank funding process (while still probably leaving the owners on the hook as personal guarantors anyway). (glassridge.com)
- A small business credit card account can always be opened in the name of a personal guarantor — that is a person, instead of a business. (valuepenguin.com)
- The account will require a personal guarantor who will be responsible for all debts. (valuepenguin.com)
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sentences)