Is a Covenantor a Guarantor?

Covenantor means any person who is named in the Charge as a covenantor or guarantor or who, as a covenantor or guarantor, has otherwise covenanted in writing to pay the Principal Amount, interest thereon and all other monies owing to the Lender under the Charge.

What is the difference between Covenantor and guarantor?

He noted the fundamental difference between the obligation of a covenantor and a guarantor: a covenantor's liability is primary like that of a co-borrower and a guarantor's liability is secondary to that of the principal debtor.

What is a Covenantor in property law?

An agreement or promise to do or provide something, or to refrain from doing or providing something, which is meant to be binding on the party giving the covenant (who may be referred to as the "covenantor").