guarantor; surety; bailor
Meanings
3 senses · 15 examplesnoun
person who guarantees another's behavior meets requirements
formalRefers to a person who assumes responsibility for ensuring that another party abides by rules, regulations, or contractual obligations. Commonly used in organizational, educational, or contractual contexts.
Parents need to act as guarantors for their children's extracurricular activities.
The company requires every new employee to find a guarantor.
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The guarantor must sign this liability statement.
As the guarantor, you are responsible for his conduct.
The school stipulates that guarantors must be immediate family members.
noun
guarantor in criminal procedure who ensures a suspect/defendant on bail complies with legal regulations
formalSpecific legal term in Chinese criminal procedure law referring to the person who guarantees that a criminal suspect or defendant released on bail pending trial (取保候审) will appear when summoned and not interfere with witnesses or destroy evidence.
The guarantor has a duty to supervise that the defendant complies with regulations.
If the guarantor neglects their duty, they may be fined.
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The criminal suspect needs to provide one guarantor.
The guarantor must fill out a letter of guarantee and submit it to the court.
After the defendant fled, the guarantor assumed joint liability.
noun
surety; person who guarantees debt repayment and enters agreement with creditor
formalIn civil law and commercial contexts, refers to the third party who agrees to perform the debtor's obligation if the debtor defaults. This creates a secondary obligation to the creditor.
The bank requires the borrower to provide a guarantor.
When the debtor fails to perform the debt, the guarantor must assume repayment responsibility.
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This guarantor signed a guarantee contract with the creditor.
General guarantors enjoy the right of subrogation (prior action defense).
If the principal contract is invalid, the guarantor no longer bears guarantee liability.