MLchartDataset catalogue

Cosign

Term · Law · MLC-T-LAW-001337

To sign a document jointly with another person, thereby assuming joint liability or responsibility for the obligations outlined in the document. A common example is cosigning a loan, where the cosigner becomes equally responsible for repayment if the primary borrower defaults. This act provides additional assurance to the lender.

Table 1. Record
IdentifierMLC-T-LAW-001337
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001337",
  "term": "Cosign",
  "field": "Law",
  "definition": "To sign a document jointly with another person, thereby assuming joint liability or responsibility for the obligations outlined in the document. A common example is cosigning a loan, where the cosigner becomes equally responsible for repayment if the primary borrower defaults. This act provides additional assurance to the lender.",
  "url": "https://mlchart.com/terminology/law/cosign/"
}

Record 1,185 of 5,439 in Law terminology (MLC-0107). Request the full dataset.