Meaning & use

cosigner

noun·Academic

A person who signs a loan or contract along with the primary borrower and shares legal responsibility for it.

See it in a sentence

Her father agreed to act as cosigner on her first car loan.

Without a cosigner, the bank refused to approve the student's loan application.

A note on using this word

A cosigner is equally responsible for repaying the debt if the primary borrower fails to do so.

Words with a similar meaning

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