Definition from Nolo’s Plain-English Law Dictionary
A person who signs his or her name to a loan agreement, lease, or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm