Examlex
Which of the following symptoms may indicate that you need to cut back on caffeine consumption?
Principal Debtor
A principal debtor is an individual or entity primarily responsible for fulfilling the obligations of a debt or loan.
Surety
A person, such as a cosigner on a note, who agrees to be primarily responsible for the debt of another.
Guarantor
A person who agrees to satisfy the debt of another (the debtor) only after the principal debtor defaults. A guarantor’s liability is thus secondary.
Short Sale
A sale of real property for an amount that is less than the balance owed on the mortgage loan, usually due to financial hardship.
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