guaranty of collection
guaranty of collection 收款保证 该担保暗含着债权人必须尽最大努力向债务人行使收款责任的内容，这是区别于付款保证〔guaranty of payment〕之处。
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guaranty of collection
A guaranty that is conditioned on the creditor’s having first exhausted legal remedies against the principal debtor before suing the guarantor. See guarantor of collectibility under GUARANTOR.
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guarantor
guarantor. One who makes a guaranty or gives security for a debt. • While a surety’s liability begins with that of the principal, a guarantor’s liability does not begin until the principal debtor is in default. Cf. SURETY. [Cases: Guaranty 29, 33.] “A guarantor either guarantees payment or collection, depending on the words used. ‘Payment