/ˌɡærənˈtɔː/ – noun
Definition: 1. người bảo lãnh, người bảo lãnh hối phiếu;
2. người bảo đảm, người bảo hành.
A more thorough explanation: A guarantor is a person or entity that agrees to be responsible for another person’s debt or performance of an obligation if that person fails to fulfill their obligations. The guarantor essentially acts as a co-signer or surety for the other party’s obligations.
Example: The guarantor signed a document agreeing to be responsible for the loan if the borrower defaults.