cosigner
Variant of cosign
cosign
Definition
co·sign (kō′sīn′, kō′sīn′)
transitive verb, intransitive verb
- to sign (a promissory note) in addition to the maker, thus becoming responsible for the obligation if the maker should default
- to sign jointly
cosigner Finance Definition
A
person who signs a credit card or loan application agreeing to guarantee
payment if the signer is unable to repay the loan. The cosigner of a loan
assumes legal responsibility for the loan.
cosigner
Law Definition
n
One who jointly signs a
negotiable instrument with another person to assist the other signer to obtain
a loan and, by doing so, assumes full liability for the loan should the other
signer ever default on the loan contract. Also called a comaker. See also accommodation party and surety.
Browse dictionary entries near cosigner
- cosignatory
- cosignatories
- cosign
- cosiest
- cosies
- cosier
- cosie
- cosher
- cosh
- cosey
- cosily
- cosine
- cosiness
- cosmetic
- cosmetically
- cosmetician
- cosmeticize
- cosmeticized
- cosmeticizing
- cosmetize
