A more thorough explanation:

A revocable guaranty is a type of guarantee in which the guarantor has the right to terminate the agreement without the consent of any other party involved. A guaranty is a promise made by one party to another to pay a debt or perform a duty if the primary obligor fails to do so.

For example, if a business owner takes out a loan from a bank, the bank may require a guarantor to ensure that the loan will be repaid. If the guarantor signs a revocable guaranty, they can terminate the agreement at any time, even if the business owner has not defaulted on the loan.

Another example of a revocable guaranty is a lease agreement. A landlord may require a guarantor to ensure that the rent will be paid on time. If the guarantor signs a revocable guaranty, they can terminate the agreement at any time, even if the tenant has not defaulted on the rent.

These examples illustrate how a revocable guaranty gives the guarantor the right to terminate the agreement without the consent of any other party involved. This type of guaranty provides flexibility for the guarantor, but it also creates uncertainty for the creditor or lender who relies on the guaranty for security.