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When two or more parties sign an agreement. Usually this term refers to a debt instrument, where two parties will share responsibility for a promissory note or where one party cosigns with the intention of acting as a surety on the debt instrument. Typically, both cosigners are joint and severally liable for the debt. … [Read more...] about COSIGN

Ancient armor which covered the body. … [Read more...] about CORSELET

To jointly sign, execute or endorse, such as to co-sign on a loan contract for a car. … [Read more...] about CO-SIGN

A mortuary, thus termed because, when a mortuary became due on the death of a man, the best or second-best beast was, according to custom, offered or presented to the priest, and carried with the corpse. In Wales a corse-present was due upon the death of a clergyman to the bishop of the diocese, till abolished by 12 Anne St 2, c. 6. 2 Bl. Comm. 426. … [Read more...] about CORSE-PRESENT

Another person who signs his or her name on a loan, debt or other agreement of obligation (including lease) where the person agrees to act as a guarantor in the event the primary debtor does not pay. A cosigner is responsible for the entire amount of the loan or debt. Cosigners are commonly used for lease and credit card agreements when the primary party has poor credit. … [Read more...] about COSIGNER