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单词 cosigner
释义

cosigner


co·sign

C0668800 (kō-sīn′)tr.v. co·signed, co·sign·ing, co·signs 1. To sign (a document) jointly.2. To endorse (another's signature), as for a loan.
co·sign′er n.

cosigner

(kəʊˈsaɪnə) n (Law) a cosignatory

co•sign•er

(ˈkoʊˌsaɪ nər, koʊˈsaɪ-)

n. 1. a cosignatory. 2. a joint signer of a negotiable instrument, esp. a promissory note. [1900–05]
Thesaurus
Noun1.cosigner - one of two or more signers of the same document (as a treaty or declaration)cosignatorysignatory, signer - someone who signs and is bound by a document
2.cosigner - a signer in addition to the principal signer (to verify the authenticity of the principal signature or to provide surety)signatory, signer - someone who signs and is bound by a document

Cosigner


Cosigner

An obligor—a person who becomes obligated, under a Commercial Paper, such as a promissory note or check—by signing the instrument in conjunction with the original obligor, thereby promising to pay it in full.

The cosigner may be held equally responsible for the payment of the debt or may be required to pay only upon the failure of the original obligor to do so, depending upon state law and the terms of the agreement that also determine the rights of the cosigner.

Cosigner is synonymous with the term comaker.

Cosigner


Cosigner

A term referring to a person, other than the principal borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.

Cosigner

A third party to a loan who provides a guarantee that a loan will be repaid. The guarantee by the cosigner reduces the risk that the lender will lose the money he/she has distributed to the borrower. The cosigner signs an agreement with the lender stating that if the borrower fails to repay the loan, the cosigner will assume legal liability for it. A cosigner may be an institution, but is often a relative or friend of the borrower, especially for personal loans. Persons with little or poor credit history sometimes cannot receive a loan without a cosigner. See also: Surety.

cosigner

A person who signs a promissory note in such a capacity that he or she has equal and primary liability with another. Contrast with a guarantor, who is liable only if the original obligor defaults. A cosigner must list the promissory note as a liability on financial statements; a guarantor has only contingent liability which may never ripen into full liability.

cosigner


  • noun

Synonyms for cosigner

noun one of two or more signers of the same document (as a treaty or declaration)

Synonyms

  • cosignatory

Related Words

  • signatory
  • signer

noun a signer in addition to the principal signer (to verify the authenticity of the principal signature or to provide surety)

Related Words

  • signatory
  • signer
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更新时间:2025/1/31 14:55:34