MLchartDataset catalogue

Cosigner

Term · Law · MLC-T-LAW-001338

An individual who signs a loan or other financial agreement alongside the primary borrower, thereby guaranteeing the debt. This person assumes equal legal responsibility for repayment if the primary borrower fails to meet their obligations. Cosigners are often required when the primary borrower has insufficient credit history or income.

Table 1. Record
IdentifierMLC-T-LAW-001338
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001338",
  "term": "Cosigner",
  "field": "Law",
  "definition": "An individual who signs a loan or other financial agreement alongside the primary borrower, thereby guaranteeing the debt. This person assumes equal legal responsibility for repayment if the primary borrower fails to meet their obligations. Cosigners are often required when the primary borrower has insufficient credit history or income.",
  "url": "https://mlchart.com/terminology/law/cosigner/"
}

Record 1,186 of 5,441 in Law terminology (MLC-0107). Request the full dataset.