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cosigner

   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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In many cases loan applications will be denied or will require a cosigner.
Lets look at a few crucial differences The interest rates are often lower There is usually no minimum income and no cosigner either Rarely are there any annual fees The cards are usually fairly easy to get, provided your student has not encountered any troubles with credit before The credit limit might be lower than a regular credit card, at first.
lt;p>The 37 cosigners of the letter note that using the secure protocol is an option for Gmail, Google Docs and Google Calendar, but have a problem with the way users are told about it.
 
 
 
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