Co-maker

Definition

• An individual who co-signs a promissory note. In doing so, the co-maker is responsible for the loan if any of the other co-signers back out or renege on their promise to repay the loan.

Synonyms
ally, undersign, participant, accomplice, partner, co-op, cooperative

Related Terms and Acronyms

• Co-signer — Definition,
  • A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
• Promissory Note (PN) — Acronym,
  • A written promise to repay a loan by a specified time.