Cosigner

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Key Terms
C

Cosigner

Definition

A person who supports one party to a contract by guaranteeing that, in case the party fails to discharge his contractual obligations, the cosigner will perform those obligations in the party’s stead. Often a cosigner is a parent who cosigns on behalf of a minor child or a friend who cosigns on behalf of a party with a poor credit history.

Related rules

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— Giebeler v. M&B Associates

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— Young v. Weaver

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