MLchartDataset catalogue

Guarantor

Term · Law · MLC-T-LAW-002371

A person or entity that provides a guarantee, promising to be responsible for the debt, default, or obligation of another party. The guarantor's liability arises only if the primary obligor fails to perform their duty. Guarantors are commonly required for loans, leases, and other contractual agreements.

Table 1. Record
IdentifierMLC-T-LAW-002371
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002371",
  "term": "Guarantor",
  "field": "Law",
  "definition": "A person or entity that provides a guarantee, promising to be responsible for the debt, default, or obligation of another party. The guarantor's liability arises only if the primary obligor fails to perform their duty. Guarantors are commonly required for loans, leases, and other contractual agreements.",
  "url": "https://mlchart.com/terminology/law/guarantor/"
}

Record 2,285 of 5,441 in Law terminology (MLC-0107). Request the full dataset.