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Obligor vs Guarantor - What's the difference?

obligor | guarantor |

As nouns the difference between guarantor and obligor

is that guarantor is a person, or company, that gives a guarantee while obligor is the party bearing a legal obligation to another party, the obligee.

obligor

English

Noun

(en noun)
  • (legal, finance) The party bearing a legal obligation to another party, the obligee.

    • Coordinate terms

    * obligee

    guarantor

    English

    Noun

    (en noun)
  • A person, or company, that gives a guarantee.

    • Synonyms

    * surety