The act of signing for another person's debt which involves a legal obligation made by the cosigner to make payment on the other person's debt should that person default. Having a cosigner is way for individuals with a low income or poor/limited credit history to obtain financing.

This term is also commonly spelled "co-sign".

A cosigner's obligation to repay debt arises only after the borrower has defaulted on the loan; however, cosigning a loan is not without risk. A person cosigning a loan should be comfortable with the borrower's ability to repay the debt.

Investment dictionary. . 2012.

Look at other dictionaries:

  • cosign — I verb accredit, answer for, approve, assure, authorize, back, be surety for, certify, confirm, countersign, endorse, give assurance, give one s signature, guarantee, indorse, insure, promise, ratify, secure, support, undersign, underwrite,… …   Law dictionary

  • Cosign — may mean: Co signing, promising to pay another person s debt arising out of contract if that person fails to do so CoSign single sign on, a secure single sign on web authentication system See also For the math function, see Cosine. This… …   Wikipedia

  • cosign — also co sign, by 1968, from CO (Cf. co ) + SIGN (Cf. sign) (v.). Co signer (cosigner) is recorded from 1959; earlier in this sense was cosignatory (1865) …   Etymology dictionary

  • cosign — [kō′sīn΄, kō′sīn′] vt., vi. 1. to sign (a promissory note) in addition to the maker, thus becoming responsible for the obligation if the maker should default 2. to sign jointly cosigner n …   English World dictionary

  • cosign — UK [ˈkəʊˌsaɪn] / US [ˈkoʊˌsaɪn] verb [transitive] Word forms cosign : present tense I/you/we/they cosign he/she/it cosigns present participle cosigning past tense cosigned past participle cosigned to sign a cheque, contract, formal agreement etc… …   English dictionary

  • cosign — verb 1. sign jointly Husband and wife co signed the lease • Syn: ↑co sign • Derivationally related forms: ↑cosigner • Hypernyms: ↑validate, ↑formalize, ↑fo …   Useful english dictionary

  • cosign — verb see cosigner …   New Collegiate Dictionary

  • cosign — /koh suyn , koh suyn /, v.i., v.t. to sign as a cosigner. [CO + SIGN] * * * …   Universalium

  • cosign — verb /ˈkəʊ.saɪn,ˈkoʊ.saɪn/ To sign a document jointly with another person, sometimes as an endorsement …   Wiktionary

  • cosign — (Roget s 3 Superthesaurus) v. endorse, pledge …   English dictionary for students

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