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Guarantor

What is Guarantor?

Guarantor is a third party that will pay for the debt in case that the borrower misses their payments. They are usually a form of insurance for the lender, as they have an extra party guaranteeing payments for the agreement.

Additional Resources

CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore:

 

The Financial Modeling Certification