cosigner
Shared liability party
A cosigner is someone who signs a document alongside another person, sharing legal responsibility for its terms.
Most often this refers to loans: a cosigner guarantees repayment if the primary borrower defaults.
Parents commonly cosign for children who lack credit history: My dad had to cosign on my first car loan.
The cosigner takes on risk without receiving the loan proceeds.
One who takes temporarily
- lenderOne who loans money
- mortgageSecured home loan
- loanBorrowed money repaid later
- collateralSecurity for debt
default · underwriting · approval · application · debt · qualification · finance · installment
Mother or father
- spouseMarried partner
- relativeConnected by blood
- familyRelated people together
- friendNon-kin mutual bond
trust · favor · request · helping · support · creditworthy · dependent · applicant
Backer of obligation
- bondsmanOne who posts bail
- bailCourt-set release payment
- securityProtection from threat
- underwriterOne who assumes financial risk
backer · warranty · pledge · assurance · guaranty · vouch · guarantee · safeguard
Shared position between parties
- contractEnforceable written agreement
- commitmentFirm pledge to act
- consentVoluntary agreement given
- ratificationFormal approval by authority
clause · provision · amendment · stipulation · notarize · witness · document · terms
In shared participation
- liableLegally responsible for something
- obligationRequired task or commitment
- accountabilityObligation for one's actions
- responsibilityState of being answerable
repayment · default · debt · foreclosure · delinquency · arrears · repossession · judgment
borrower
One who takes temporarily
collateral · default · underwriting · approval · application · debt · qualification · finance · installment · revolving
parent
Mother or father
friend · trust · favor · request · helping · support · creditworthy · dependent · applicant
surety
Backer of obligation
underwriter · backer · warranty · pledge · assurance · guaranty · vouch · guarantee · safeguard · bond
agreement
Shared position between parties
- contractEnforceable written agreement
- commitmentFirm pledge to act
- consentVoluntary agreement given
ratification · clause · provision · amendment · stipulation · notarize · witness · document · terms · conditions
jointly
In shared participation
- liableLegally responsible for something
- obligationRequired task or commitment
- accountabilityObligation for one's actions
responsibility · repayment · default · debt · foreclosure · delinquency · arrears · repossession · judgment · penalty
- loansloan, loans, lend, borrow, auto loans
- supportersfan, patron, supporters, backers, backer
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- contract partiesparty, counterparty, buyer, seller, lender
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- financial safeguardsinsurance, savings, collateral, escrow, hedging
cosignerlender
One who loans money
creditor · bank · loan officer · underwriter · mortgage holder
cosign, cosigned, cosigners, cosignatory, cosigns, cosigning