co-debtor
Shared loan party
A co-debtor is someone who shares responsibility for a debt with another person.
Both parties are legally obligated to repay the full amount—if one defaults, the other remains liable.
The term appears most often in bankruptcy and loan contexts: Her ex-husband was listed as a co-debtor on the car loan.
Also spelled codebtor.
Secondary loan obligor
- guarantorOne pledging another's obligation
- promissory noteWritten debt obligation
- defaultPreset standard option
- obligationRequired task or commitment
indemnity · contribution · surety · creditor · subrogation · release · judgment · settlement
Married partner
- partnerOne who shares activity
- family memberPerson connected by blood
- parentMother or father
- siblingBrother or sister
business partner · friend · relative · household · marriage · divorce · separation · joint account
Debt for property purchase
- property titleProof of land ownership
- refinancingReplacing a loan
- equityImpartial treatment or ownership value
- down paymentInitial sum toward purchase
deed · escrow · lien · homeownership · underwater mortgage · modification · principal · interest rate
Shared business arrangement
- LLCHybrid business entity abbreviation
- incorporationForming a legal entity
- shareholderEquity owner in corporation
- ventureRisky new undertaking
startup · commercial loan · line of credit · capital · investment · accounts payable · insolvency · restructuring
cosigner
Secondary loan obligor
- guarantorOne pledging another's obligation
- promissory noteWritten debt obligation
- defaultPreset standard option
obligation · indemnity · contribution · surety · creditor · subrogation · release · judgment · settlement · bankruptcy
spouse
Married partner
- partnerOne who shares activity
- family memberPerson connected by blood
- parentMother or father
sibling · business partner · friend · relative · household · marriage · divorce · separation · joint account · shared responsibility
home loan
Debt for property purchase
- property titleProof of land ownership
- refinancingReplacing a loan
- equityImpartial treatment or ownership value
down payment · deed · escrow · lien · homeownership · underwater mortgage · modification · principal · interest rate · amortization
partnership
Shared business arrangement
- LLCHybrid business entity abbreviation
- incorporationForming a legal entity
- shareholderEquity owner in corporation
venture · startup · commercial loan · line of credit · capital · investment · accounts payable · insolvency · restructuring · liquidation
co-debtorcreditor
One owed money
lender · mortgagee · obligee · bondholder · lienholder
co-debtors, debtor, debtors, debt, debts, indebted, indebtedness, debit, debits