cosigner

Definition

An individual other than the borrower who signs a promissory note and thereby assumes equal liability for it. also called comaker.

Use cosigner in a sentence

You may need to have a cosigner if you do not have good enough credit to close the deal yourself.

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In order to qualify for the loan, the mortgage company would need a cosigner, since the borrower had insufficient credit.

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People who are rebuilding their credit can start along the road to improving their credit score by taking out loans with the presence of a cosigner who agrees to cover any credit charges in the event that the borrower does not.

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