1. A legal commitment made by a single person to be responsible for fulfilling an obligation, debt, or contract if the primary obligor fails to do so
The bank required an individual guarantee from the company director before approving the loan.
O banco exigiu uma garantia individual do diretor da empresa antes de aprovar o empréstimo.
2. A personal pledge or assurance that protects a creditor by making one specific person liable for the debt
As part of the lease agreement, the landlord requested an individual guarantee from each tenant.
Como parte do contrato de aluguel, o proprietário solicitou uma garantia individual de cada inquilino.