Definition
cosigners
noun
- plural of cosigner; people who sign a document jointly with another person, sharing legal responsibility
Usage: commonly used in legal and financial contexts
Examples
- The bank required cosigners on the loan because the applicant's credit score was too low.
- Both cosigners are equally responsible for repaying the debt.
- My parents agreed to be cosigners for my student loan.
- The contract needs three cosigners before it becomes legally binding.
- Cosigners should understand that they are liable if the primary borrower defaults.