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Cosigner

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Cosigner
Cosigner definition :
A term referring to a person, other than the principal borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
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Cosigner:
Another person who signs your loan and assumes equal responsibility for it.
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Cosigner
A second party who signs a promissory note together with the primary borrower.The cosigner promises to pay another person's debt if the borrower fails to do so.

Cosigner
A cosigner on a loan assumes responsibility for the loan if the borrower should fail to repay it.

cosigner, co-maker and co-obligor
Terms used to identify multiple parties who sign as borrowers for a loan.
COSO ...

cosigner
A term referring to a person, other than the principal borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.

No Cosigner Student Loans - How to Get A Bad Credit Student Loan
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See COSIGNER.
WORKFORCE
The aggregate of workers ready and able to perform jobs in a particular field or the total workers available in the region or even in the entire country.

In 2005 I was a cosigner on my then husbands auto loan & have been divorced for 5 years and he made 3 modifications without my knowledge and returned it to the credit union in Dec. Am I still liable?
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A Co-borrower or cosigner as it's sometimes known is somebody that shares responsibility for repaying a real estate mortgage with the original borrower.

Cosigner (legal term)
Debtor (finance term)
Co-Maker (legal term)
Bronson v. Rodes (American history)
post-obit
Guaranty (legal term)
Moral Obligation Bond (in banking)
Risk Participation (in banking)
Cashier's Check (finance term)
Secondary Party ...

If lenders are concerned about your income, your credit history, or other risk factors when you apply for a loan, they may require a guarantor, or cosigner.The guarantor signs the loan with you and agrees to pay your debt if you default.

An endorser or cosigner's signature enables the borrower to qualify for credit, or to obtain credit at more favorable terms. The endorser is a guarantor or surety, and remains secondarily liable in event of default.

Credit Enhancements. Using third-party guarantees such as a cosigner, the pledging of assets, an insurance company bond, or a letter of credit to provide additional security for a loan.

guarantee the obligations of a buyer to a seller per the terms of a contract such as a promissory note or purchase agreement. The bank, by "avalizing" the document (usually "by aval" will be written on the document itself), acts as a cosigner with ...

cosigner An individual other than the borrower who signs a promissory note and thereby... cost The total money, time and resources associated with a purchase or activity.

See also: Expense, Job, Contractor, Gross domestic product, Commercial loan

Business Correspondent bankCost accounting

 
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