As a guarantor for a loan to carter distributors, inc. Remove the full amount of carter distributor from melissa total liabilities to adjusted net worth. A guarantor is a responsible party who signs the lease and promises to "take on," or assume, the obligations outlined in the lease, most notably the payment of rent. In most cases, this responsible party is a parent.
You are referred to be the guarantor if you support a friend or family member with a loan. If the borrower is unable to repay the entire debt, you are in charge of doing so. Lenders have the option of requesting a guarantee if they are unable to lend money to an individual on their own.
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