pledgesor

Example:The debtor is responsible for repaying the loan, but if they cannot, the pledgeor steps in to cover the debt.

Definition:A person who owes money or who is obligated to fulfill an obligation.

Example:As a non-guarantor, the borrower is solely responsible for repaying the loan without any backing pledgesor.

Definition:A person who does not provide a guarantee or pledge for an obligation or debt.

Example:Unlike the pledgeor, the freelancer operates independently without any backing financial guarantor.

Definition:A type of worker who is independent and works on a project-by-project basis, often without any sponsorship or backing.