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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 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Between 1 Source's resources and the size of the contract, EES was able to get the funding without needing RSIS as a cosigner," says Trowbridge. That's a possibility if a parent is a cosigner on a home and their child's credit runs amok. Russell, Einstein, and the nine cosigners believed that this was the question facing humanity, a dire choice made necessary by the development of the weapons of unprecedented destructiveness that had been unleashed on Hiroshima and Nagasaki, and that had become far more powerful in the decade after their use. |
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