# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Guarantor

A person who co-signs a debt as a guaranty. Both a guarantor and a surety are co-signers, but there are some subtle differences between the two. The surety promises to pay if the debtor does not pay; a guarantor agrees to pay if the debtor cannot pay. In other words, the surety insures the debt; the guarantor insures the solvency of the debtor.

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