Meaning of the word: Guarantor
The guarantor is the individual who undertakes, in the event of the inability of the borrower to repay its debt to pay the remaining debt instead. The guarantor is required for some types of bank loans. The guarantor is usually becomes a person who trust to debtor. The guarantee should be considered thoroughly.back to dictionary >
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The interest rate is a percentage increase of the debt for a period. The interest rate is usually fixed for one year. Interest is a reward for the…go to the dictionary >
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