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.

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The CoSign digital signature platform integrates with Microsoft SharePoint out-of-the-box and enhances SharePoint's capabilities by enabling it to provide compliant, signature-based approval workflows and other extended capabilities.
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This advancement enables our customers to seamlessly incorporate Symantec's digital identities, within the affordable, secure and feature-rich digital-signature capability that CoSign is known for," explained John Marchioni, VP Business Development, ARX.
SAN FRANCISCO -- ARX, a leading provider of digital signature solutions, has implemented the CoSign digital signature solution at Black & Veatch, a leading global engineering, consulting and construction company.
This further ensures that CoSign deployments meet the stricter security requirements that are expected to be implemented by government agencies in the future.
With CoSign, engineers can also digitally apply their digital seal in addition to a graphical signature.
To obtain an approval on a project before using CoSign required us to fax documents from our headquarters to branches around the world.
Ken Dalton, Chief Technology Officer at F&R, stated, "The combined offerings; MetaField(TM), ExtraEase(TM), AgileStamp(TM) and CoSign, from the two companies, will help us to significantly improve our overall efficiency with a very fast return on investment.
We chose CoSign by ARX because they are the leader in secure Digital Signatures and feel comfortable offering this best of breed solution to our customers," explains Kim Kuykendall, President, at Document Logistix LLC.