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Definitions
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Dictionary > Definitions > Economy > The guarantor
The guarantor
Definition
He commits himself paying the rents and ancillary costs in the place of the tenant in the event of failure.
Description
The provided guarantee can be simple (it enables you to ask the owner to continue the tenant initially) or interdependent (it makes it possible to the financial backer to continue the tenant or the guarantee).
Author
Anwar Hossain
Author Email
anwtele@yahoo.com
References
Definitions to be consulted