Co-Signer definition: Copy, customize, and use instantly
Introduction
The term "Co-Signer" refers to an individual who signs a contract or agreement alongside the primary party, agreeing to take on responsibility for the debt or obligation if the primary party fails to meet their commitments. Co-signers are often used in loan agreements, leases, and other contracts where the primary party may need additional assurance to secure approval.
Below are various examples of how "Co-Signer" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Co-Signer" in loan agreements
This definition ties "Co-Signer" to loan agreements, ensuring the co-signer is liable for the loan if the primary borrower defaults.
"Co-Signer" means an individual who signs a loan agreement alongside the borrower and agrees to repay the loan if the borrower defaults or fails to meet their obligations.
Definition of "Co-Signer" in rental contracts
This definition connects "Co-Signer" to rental contracts, ensuring the co-signer is responsible for lease obligations if the primary tenant does not pay rent.
"Co-Signer" refers to an individual who agrees to be financially responsible for the lease agreement and pays rent in case the primary tenant fails to do so.
Definition of "Co-Signer" in student loans
This definition links "Co-Signer" to student loans, where the co-signer supports the student’s loan application and guarantees repayment.
"Co-Signer" means a person who signs a student loan agreement in support of the borrower, agreeing to repay the loan if the primary borrower does not fulfill their repayment obligations.
Definition of "Co-Signer" in mortgage agreements
This definition applies "Co-Signer" to mortgage agreements, where the co-signer guarantees repayment of the mortgage if the primary borrower defaults.
"Co-Signer" refers to an individual who co-signs a mortgage agreement and assumes responsibility for the mortgage repayment if the primary borrower defaults.
Definition of "Co-Signer" in credit card applications
This definition ties "Co-Signer" to credit card applications, ensuring the co-signer guarantees payment of the credit balance.
"Co-Signer" means an individual who signs a credit card application with the primary cardholder and agrees to pay any outstanding balance if the primary cardholder defaults.
Definition of "Co-Signer" in personal loan agreements
This definition connects "Co-Signer" to personal loan agreements, where the co-signer guarantees repayment in case of default.
"Co-Signer" refers to a person who signs a personal loan agreement with the borrower, agreeing to repay the loan if the borrower fails to meet their financial obligations.
Definition of "Co-Signer" in vehicle financing
This definition links "Co-Signer" to vehicle financing, ensuring the co-signer is responsible for the loan if the borrower does not make the required payments.
"Co-Signer" means an individual who agrees to be financially responsible for a vehicle loan, guaranteeing payment in the event of the borrower’s default.
Definition of "Co-Signer" in business loans
This definition applies "Co-Signer" to business loans, ensuring the co-signer shares responsibility for the loan repayment.
"Co-Signer" refers to a person who co-signs a business loan agreement, assuming responsibility for the repayment of the loan in case the business defaults.
Definition of "Co-Signer" in lease agreements
This definition ties "Co-Signer" to lease agreements, guaranteeing the financial obligations of the primary lessee.
"Co-Signer" means an individual who signs a lease agreement with the primary tenant, agreeing to fulfill the lease obligations in case the primary tenant fails to do so.
Definition of "Co-Signer" in financial assistance agreements
This definition connects "Co-Signer" to financial assistance agreements, where the co-signer guarantees repayment in case of default.
"Co-Signer" refers to an individual who agrees to take on the responsibility of repaying any financial assistance or loan if the primary borrower defaults on their payments.
Definition of "Co-Signer" in educational grants
This definition links "Co-Signer" to educational grants, ensuring the co-signer is liable for repayment if the primary borrower does not meet the obligations.
"Co-Signer" means an individual who signs an educational grant or loan agreement alongside the student, agreeing to pay back the loan if the student does not meet their repayment obligations.
Definition of "Co-Signer" in home equity loans
This definition applies "Co-Signer" to home equity loans, ensuring the co-signer is responsible for the loan repayment.
"Co-Signer" refers to a person who co-signs a home equity loan agreement, agreeing to be responsible for repaying the loan if the primary borrower defaults.
Definition of "Co-Signer" in business partnerships
This definition ties "Co-Signer" to business partnerships, where the co-signer guarantees the repayment of business debts.
"Co-Signer" means an individual who guarantees the repayment of business debts by signing alongside a business partner and agreeing to assume responsibility in case of default.
Definition of "Co-Signer" in insurance agreements
This definition connects "Co-Signer" to insurance agreements, where the co-signer is responsible for the policyholder’s obligations.
"Co-Signer" refers to a person who signs an insurance policy with the policyholder, agreeing to assume responsibility for any obligations under the policy if the primary policyholder defaults.
Definition of "Co-Signer" in property management agreements
This definition links "Co-Signer" to property management agreements, ensuring the co-signer is responsible for the lease if the tenant defaults.
"Co-Signer" means an individual who agrees to pay any unpaid rent or damages on behalf of a tenant in the event the tenant fails to meet their lease obligations.
Definition of "Co-Signer" in credit enhancement agreements
This definition applies "Co-Signer" to credit enhancement agreements, where the co-signer improves the borrower’s chances of approval.
"Co-Signer" refers to a person who agrees to improve the borrower’s creditworthiness by co-signing the loan or credit agreement and assuming responsibility for repayment if the primary borrower defaults.
Definition of "Co-Signer" in surety bonds
This definition ties "Co-Signer" to surety bonds, where the co-signer guarantees payment if the primary party fails to meet obligations.
"Co-Signer" means an individual who co-signs a surety bond, agreeing to be responsible for payment if the primary party fails to meet the contractual obligations.
Definition of "Co-Signer" in healthcare financing
This definition connects "Co-Signer" to healthcare financing, where the co-signer is responsible for medical debt.
"Co-Signer" refers to an individual who signs a healthcare financing agreement, agreeing to pay any medical bills if the primary patient or borrower defaults on their payments.
Definition of "Co-Signer" in professional contracts
This definition links "Co-Signer" to professional contracts, ensuring the co-signer assumes liability in case of non-performance.
"Co-Signer" means a person who signs a professional contract alongside the primary party, agreeing to assume liability for any damages or non-performance if the primary party defaults.
Definition of "Co-Signer" in small business loans
This definition ties "Co-Signer" to small business loans, where the co-signer guarantees repayment in case the business fails to meet its financial obligations.
"Co-Signer" means an individual who signs a small business loan agreement alongside the primary borrower, agreeing to be responsible for the repayment if the borrower defaults.
Definition of "Co-Signer" in joint credit accounts
This definition connects "Co-Signer" to joint credit accounts, ensuring both parties share responsibility for the credit account's balance.
"Co-Signer" refers to an individual who opens a joint credit account with the primary cardholder, agreeing to be equally responsible for paying off any charges made on the account.
Definition of "Co-Signer" in vehicle leasing
This definition links "Co-Signer" to vehicle leasing, ensuring the co-signer takes responsibility if the lessee defaults.
"Co-Signer" means an individual who signs a vehicle lease agreement alongside the lessee, agreeing to assume financial responsibility for the lease if the lessee fails to make payments.
Definition of "Co-Signer" in housing assistance programs
This definition applies "Co-Signer" to housing assistance programs, where the co-signer guarantees the obligations of the tenant.
"Co-Signer" refers to a person who agrees to be financially responsible for a tenant's obligations under a housing assistance program, including rent payments and property upkeep.
Definition of "Co-Signer" in promissory notes
This definition ties "Co-Signer" to promissory notes, ensuring the co-signer is liable if the primary borrower defaults on their promise to repay.
"Co-Signer" means a person who signs a promissory note alongside the borrower, agreeing to repay the loan if the borrower fails to do so.
Definition of "Co-Signer" in unsecured loans
This definition connects "Co-Signer" to unsecured loans, where the co-signer guarantees repayment even if the loan is not secured by property.
"Co-Signer" refers to an individual who signs an unsecured loan agreement alongside the borrower, agreeing to pay the loan if the borrower defaults.
Definition of "Co-Signer" in business partnerships for financial obligations
This definition links "Co-Signer" to business partnerships, where the co-signer guarantees financial obligations on behalf of the business.
"Co-Signer" means a person who agrees to fulfill the financial obligations of a business partnership in case one or more partners fail to meet their financial responsibilities.
Definition of "Co-Signer" in student housing agreements
This definition applies "Co-Signer" to student housing agreements, ensuring the co-signer is liable if the student fails to meet lease obligations.
"Co-Signer" refers to a person who signs a student housing agreement alongside the student, agreeing to pay rent and damages if the student fails to do so.
Definition of "Co-Signer" in business loan refinancing
This definition ties "Co-Signer" to business loan refinancing, where the co-signer supports the loan refinancing process.
"Co-Signer" means an individual who signs a business loan refinancing agreement, agreeing to take on responsibility for the loan repayment if the business borrower defaults.
Definition of "Co-Signer" in equipment financing
This definition connects "Co-Signer" to equipment financing, where the co-signer guarantees repayment of the loan used to finance equipment.
"Co-Signer" refers to a person who co-signs an equipment financing agreement, agreeing to repay the loan if the borrower defaults on the payments.
Definition of "Co-Signer" in student loan consolidation
This definition links "Co-Signer" to student loan consolidation, where the co-signer guarantees repayment if the borrower does not meet the terms.
"Co-Signer" means a person who co-signs a student loan consolidation agreement, agreeing to repay the loan if the primary borrower defaults.
Definition of "Co-Signer" in credit enhancement for borrowers with poor credit
This definition applies "Co-Signer" to credit enhancement, where the co-signer helps the borrower qualify for a loan or credit based on their creditworthiness.
"Co-Signer" refers to an individual who co-signs a loan or credit application, improving the borrower’s creditworthiness and assuming responsibility for repayment if the borrower defaults.
Definition of "Co-Signer" in commercial real estate leases
This definition ties "Co-Signer" to commercial real estate leases, ensuring the co-signer is responsible if the primary lessee defaults on rent.
"Co-Signer" means a person who signs a commercial lease agreement with the lessee, agreeing to pay rent and cover damages if the primary tenant defaults on their obligations.
Definition of "Co-Signer" in business credit lines
This definition connects "Co-Signer" to business credit lines, ensuring that the co-signer guarantees payment for the business credit account.
"Co-Signer" refers to an individual who co-signs a business credit line, agreeing to be responsible for repaying any outstanding balances if the business fails to meet its payment obligations.
Definition of "Co-Signer" in government-backed loans
This definition links "Co-Signer" to government-backed loans, where the co-signer assures repayment of loans guaranteed by the government.
"Co-Signer" means an individual who signs a government-backed loan agreement alongside the borrower, agreeing to repay the loan if the borrower defaults.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.