Co-Maker


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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 4.3 at least and not to make it lesser than the 7-inch version.
Like all of Damen's yards and partners, Yichang works with renowned marine equipment suppliers and co-makers for the supply and installation of key onboard systems.
Individual account holders of valid deposits with balances of P100,000.00 and below do not need to file deposit insurance claims, provided they have no outstanding obligations or have not acted as co-makers of obligations with Rural Bank of Guihulngan.
Individual account holders of valid deposits with balances of P100,000 and below do not need to file deposit insurance claims, provided they have no outstanding obligations or have not acted as co-makers of obligations.
Discuss this with your family members and your co-makers so they will get an idea and provide their insights on how you can bring this down.