cosigner

cosigner definition - legal

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.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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