Co-Maker


Also found in: Dictionary, Thesaurus, Financial.

Co-Maker

One who becomes obligated, an obligor, under a negotiable instrument—such as a check or promissory note—by signing his or her name along with the name of the original obligor, thereby promising to pay on it in full.

A co-maker is a type of accommodation party, who is someone who has signed a Commercial Paper to aid someone wishing to raise money on it. An accommodation party lends his or her name to another person and makes a promise to pay the bill or note when it is due if the other person defaults.

References in periodicals archive ?
If ASUS is really the co-maker of Nexus 10 2, the company can simply install Android 4.
But depositors who have outstanding obligations with the Gulf Bank, including co-makers of the obligations, and have incomplete or have not updated their addresses with the bank, regardless of amount, should file deposit insurance claims.