Warrantor (Noun)
Meaning
One who provides a warrant or guarantee to another.
Classification
Nouns denoting people.
Examples
- The company, as the warrantor of the new television set, assured the customer of its high-quality performance for at least two years.
- A bank, acting as warrantor for a borrower, provides an additional level of assurance for lenders when assessing a borrower's creditworthiness.
- A parent signing as a warrantor for a teenage child buying their first car agrees to accept liability in case the teenager defaults on loan payments.
- Under certain agreements, manufacturers are often warrantors that protect buyers by assuming the risks and financial responsibility of replacing faulty goods.
- By being a warrantor of high-quality used vehicles, this pre-owned car dealership manages to increase consumer confidence and enhance sales figures.