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cosigner
(redirected from Co-signer)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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.


See also: comaker


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The borrowers have to qualify to enjoy this school loan of a certain amount, and may require a co-signer to give a guarantee.
The loans also require a parent to co-sign, and only if the student establishes good credit and has a good grade point average will the co-signer be lifted for the last two years the student is in school.
To view the letter and its list of co-signers, visit the Additional Resources portion of the IFA Health Reform Toolkit at www.
 
 
 
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