guarantor
B1CEFR level
50/100Rarity: uncommon
TechnicalRegister
Law noun
A person who agrees to pay a debt if the borrower does not.
Her father acted as guarantor on the tenancy.
Business noun
A person or entity who agrees to repay a debt if the primary borrower fails to do so.
Her father acted as guarantor so that she could secure the tenancy.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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