Cosigner: meaning, definitions and examples

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cosigner

[ ˈkoʊˌsaɪnər ]

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financial agreement

A cosigner is someone who agrees to pay off a loan if the primary borrower fails to do so. Cosigners are often used to help individuals with poor credit history qualify for a loan.

Synonyms

co-debtor, guarantor, surety

Examples of usage

Her father acted as a cosigner on her car loan.
The bank required a cosigner for the student's loan.
The cosigner's credit history is also taken into consideration by the lender.
Having a cosigner can increase the chances of loan approval.
If the primary borrower defaults, the cosigner is responsible for the debt.

Translations

Translations of the word "cosigner" in other languages:

🇵🇹 co-signatário

🇮🇳 सह-हस्ताक्षरकर्ता

🇩🇪 Mitunterzeichner

🇮🇩 penandatangan bersama

🇺🇦 співпідписант

🇵🇱 współsygnatariusz

🇯🇵 共同署名者

🇫🇷 cosignataire

🇪🇸 cofirmante

🇹🇷 ortak imzalayan

🇰🇷 공동 서명자

🇸🇦 موقّع مشارك

🇨🇿 spolupodepisovatel

🇸🇰 spolupodpisovateľ

🇨🇳 共同签署人

🇸🇮 sopodpisnik

🇮🇸 meðundirritandi

🇰🇿 қосымша қол қоюшы

🇬🇪 თანამსწე

🇦🇿 birgə imza atan

🇲🇽 cofirmante

Word origin

The term 'cosigner' originated in the financial industry in the early 20th century. It is a combination of 'co-' (meaning together or jointly) and 'signer' (referring to someone who signs a document). Cosigners play a crucial role in helping individuals secure loans, especially when they have a poor credit history.