co-mortgagor

co-mortgagor definition - business

co-mortgagor

A person whose name is on a loan application along with the mortgagor. Income, assets, and debts of the co-mortgagor are combined with those of the mortgagor for purposes of loan analysis.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.