For example In order to get the loan, they used hypothecation. Show source/s Plain English Campaign Give feedback This page was not useful This page was useful Thank you for your feedback. If you have another few minutes please take the time to tell us about our new Dictionary service. Thank you for your answer, if you can tell us more that would really help Update
Guarantor A person or organisation that promises to pay a debt owed by a second person, if the second person fails to repay it.
Mortgage Using property as security for a debt. It is also the name for the contract which is signed by the borrower and lender when money is lent using property as security for a loan.