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COSIGNER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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.

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