Examlex
____ is usually associated with bureaucratic control.
Compensated Surety
A guarantor who receives compensation for guaranteeing the performance or obligations of another party.
Accommodation Surety
A third party who guarantees the debt or obligation of another without benefit to themselves, often to help the borrower obtain a loan.
Guarantor
An individual or entity that agrees to be responsible for another's debt or performance under a contract if the primary party does not meet their obligations.
Guaranty Contract
A legal agreement where a guarantor agrees to fulfill the financial obligations of a debtor to a lender, in case the debtor fails to do so.
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