Definition, Meaning & Synonyms
avalista
Noun
/a vaˈlis ta/
Definition
A person or entity that provides a guarantee or endorsement for another party’s obligation, typically in a financial context.
Examples
- The avalista signed the loan document to back the business loan.
- If the borrower fails to repay, the avalista will have to cover the debt.
- In many cases, banks require an avalista to secure larger loans.
Meaning
In finance, an avalista is someone who agrees to be responsible for paying back a loan if the primary borrower defaults. This term is common in contexts where credit and surety are involved.
Synonyms
- Guarantor
- Endorser
- Co-signer