comaker
A person who cosigns a check, draft or other negotiable instrument with another person or persons. Each comaker has a legal obligation to pay the entire amount due on the instrument, should one of the parties default.
Definition from Nolo’s Plain-English Law Dictionary
One of two or more people who sign the same check or promissory note. Each comaker is liable for the entire amount to be paid. (See also: maker)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
