Often, the borrower is a company that operates as a corporation or limited liability partnership, while the guarantor may be an individual who has an interest in the company.
The lender will also want to examine the creditworthiness of the mortgage guarantor, which could be different from the borrower.
The guarantor will go through a credit check similar to that of someone who is applying for a home mortgage.
As the three co-guarantor towns were unable to pay their share,.
Personal guarantees were often given that the debtor would repay or the guarantor become liable himself.
In the popular imagination he seemed to be the only possible guarantor of victory abroad and order at home.
Once in possession of Rome, and guarantor to the Catholic world of the spiritual independence of the pope, the Italian government prepared juridically to regulate its relations to the Holy See.
The wife may hold, acquire and manage property the same as if she were single; she is also subject to the same liabilities in relation to her property as a single woman except that no contract or conveyance by her as surety or guarantor for her husband is binding.