cosigner

Definition

A person who signs a legal document, such as a loan agreement, alongside the primary borrower, thereby guaranteeing the debt will be repaid.

Etymology

The word is a combination of the prefix 'co-', meaning 'together' or 'jointly,' and the verb 'sign,' derived from the Latin 'signum' meaning a mark or token.

In the news

Stokes mentions that even with a cosigner, she was unable to secure a private loan due to her poor credit history, highlighting the difficulty of obtaining educational funding in poverty.

Single, struggling mom grateful to Warwick community who helped pay for her university

WJAR

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