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cosigner

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.05 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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Between 1 Source's resources and the size of the contract, EES was able to get the funding without needing RSIS as a cosigner," says Trowbridge.
That's a possibility if a parent is a cosigner on a home and their child's credit runs amok.
Russell, Einstein, and the nine cosigners believed that this was the question facing humanity, a dire choice made necessary by the development of the weapons of unprecedented destructiveness that had been unleashed on Hiroshima and Nagasaki, and that had become far more powerful in the decade after their use.
 
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