RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Guarantee Guarantor for the loan Hedge Funds Hire purchase price Hirer Hypothecation Interest Introductory Rate Late Payment Charges Loan Agreement Manufacturing Account Margin Amount Market value Marketable title Maturity Monopoly Monthly Statement Mortgage Net worth Non-performing Assets (NPA) Obligation of the borrower Overlimit fees Guarantor for the loan Guarantor is a person, other than the actual borrower who provides the guarantee for loan obligations in case the borrower defaults. In case of non-resident Indians (NRI), the guarantors are to be close relatives as defined under Section 6 of the Companies Act.