What context can I use each word in?
Learn when and how to use these words with these examples!
obligor
Example
The obligor failed to make the payment on time. [obligor: noun]
Example
The contract specifies that the obligor must provide the service within 30 days. [obligor: noun]
guarantor
Example
The bank requires a guarantor for the loan. [guarantor: noun]
Example
My father agreed to be the guarantor for my apartment lease. [guarantor: noun]
Good things to know
Which word is more common?
Obligor and guarantor are not commonly used words in everyday language, but they are frequently used in legal and financial contexts.
Whatโs the difference in the tone of formality between obligor and guarantor?
Obligor and guarantor are both formal words that are typically used in legal and financial documents. However, obligor is more commonly used than guarantor in these contexts.
