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cosigner |
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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. Cosigner A third party to a loan who provides a guarantee that a loan will be repaid. The guarantee by the cosigner reduces the risk that the lender will lose the money he/she has distributed to the borrower. The cosigner signs an agreement with the lender stating that if the borrower fails to repay the loan, the cosigner will assume legal liability for it. A cosigner may be an institution, but is often a relative or friend of the borrower, especially for personal loans. Persons with little or poor credit history sometimes cannot receive a loan without a cosigner. See also: Surety. cosigner A person who signs a promissory note in such a capacity that he or she has equal and primary liability with another. Contrast with a guarantor, who is liable only if the original obligor defaults. A cosigner must list the promissory note as a liability on financial statements; a guarantor has only contingent liability which may never ripen into full liability. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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One version of the credit-card bill of rights that the president supports would ban anybody under the age of 18 from owning a credit card without a parent to cosign. Appending your signature on a personal loan form, whether for a friend or for any of your relations, is something worth recommending Always remember that your decision to cosign on that form may be used as the line between the approval and refusal of the loan Appending your signature on a personal loan form, whether for a friend or for any of your relations, is something worth recommending. We're not entirely sure if we lost any poundage, but we do know that something deserves a heavy collective cosign when Mobolaji says "That's phat. |
cosign |
Coshocton, Fairfield, Licking and Perry COSHP COSHR COSHRA COSHRC COSI COSI Cosi fan tutte Così fan tutte Cosialicm Cosialicm Cosialicm Cosialicm Cosialism Cosialism Cosialism Cosialism COSIC Cosic, Branimir COSICS COSID COSIDA cosied cosied up cosier cosies cosies up cosiest COSIFORM COSIG cosign cosignatoriescosignatories cosignatories cosignatory cosignatory cosignatory cosigned cosigned cosigner cosigner cosigner Cosigners Cosigners Cosigners Cosignificative cosigning cosigning cosigning Cosignitary cosigns cosigns CoSIH COSII cosily COSIM Cosimo (or Cosmè) Tura Cosimo de Medici Cosimo de Medici Cosimo dé Medici Cosimo de Medici (1389-1464) | ||||||||
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