In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company providin...
One, such as a person or corporation, that makes or gives a promise, assurance, or pledge typically relating to quality, durability, or performance. 2. One who ...
The entity assuming this responsibility is the
A person who guarantees to pay for someone else's debt if he or she should
default on a loan obligation. A
Sep 12, 2013
finance : a person who promises to pay back a loan if the original borrower does
not pay it back. Source: Merriam-Webster's Learner's
According to WellSpan Health, the