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

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.
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