Guarantor

 

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.

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Overdraft

An overdraft is a service for costumers of bank, when client can draw money in case that he doesn´t have enough his own money on his account so he…

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