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Guarantorship refers to the act or role of being a guarantor. A guarantor is an individual or entity that agrees to assume responsibility for fulfilling a financial obligation, typically on behalf of another person, business, or organization. By acting as a guarantor, the individual or entity guarantees to repay a loan, satisfy a debt, or meet a contractual obligation if the primary party fails to do so. The guarantor's role provides added assurance to lenders, landlords, or other creditors that they will receive payment or fulfillment of the obligation if the borrower or debtor defaults.

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"guarantorship." Anagrams.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.anagrams.net/guarantorship>.

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