co-signer
Credit vouching partner
A co-signer is someone who signs a document alongside the primary party, taking on shared responsibility.
Most often, a co-signer guarantees a loan or lease when the primary borrower lacks sufficient credit history or income: My father co-signed my first car loan.
If the borrower defaults, the co-signer becomes liable for the debt.
Also spelled cosigner.
One pledging another's obligation
- borrowerOne who takes temporarily
- lenderOne who loans money
- mortgageSecured home loan
- creditRecognition or payment deferral
liability · debt · collateral · default · repayment · promissory note · principal · interest rate
Enforceable written agreement
- signatoryOne who signs officially
- witnessOne who attests
- notaryDocument authentication official
- documentWritten or electronic file
agreement · binding · consent · authorization · release · indemnification · legal obligation · party
Mother or father
- studentOne formally enrolled somewhere
- family memberPerson connected by blood
- trustConfidence in another
- favorKind act or preference
risk · support · young adult · first-time buyer · spouse · relative · friend · helper
guarantor
One pledging another's obligation
credit · liability · debt · collateral · default · repayment · promissory note · principal · interest rate · qualification
contract
Enforceable written agreement
document · agreement · binding · consent · authorization · release · indemnification · legal obligation · party · covenant
parent
Mother or father
- studentOne formally enrolled somewhere
- family memberPerson connected by blood
- trustConfidence in another
favor · risk · support · young adult · first-time buyer · spouse · relative · friend · helper · mentor
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- Auto Financingzero percent APR, down payment, monthly payments, loan terms, interest rates
- contract partiesparty, counterparty, signatory, buyer, seller
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- guarantorssurety, backer, sponsor, endorser, underwriter
- leasinglease agreement, tenant, lease term, lease terms, rent
co-signercreditor
One owed money
lender · debtholder · mortgagee · debt collector · guarantor
co-signerlender
One who loans money
creditor · bank · loan officer · underwriter · lending institution
sign, design, signal, assign, resign, signature, consign, insignia, signer