Co-Signers
/ˌkoʊˈsaɪnərz/
Definitions
- (n.) Individuals who jointly sign a legal document, guaranteeing obligations such as loan repayment.
The co-signers are equally responsible for the debt if the primary borrower defaults.
Forms
- co-signer
Related terms
See also
Commentary
Co-signers assume joint liability, distinct from mere endorsers, often ensuring creditworthiness when the primary party is insufficient.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.