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