cosign
by Jim Burke on Jul 02, 2005 18:34:18
- to agree to assume the payments on a loan to a hard
lender such as a bank, not if but when, the
borrower defaults on the loan.
Example:
"You realize Mr
Snodgrass, that you are liable for the full payment of this loan or any
unpaid balance thereof, should the
borrower fail to meet his contractual obligations? And we're betting that he will based on his financial profile.
cosign
by cunninglinguist on Jul 03, 2005 02:02:20
1)v.- To be a second
party on a
loan or purchase of material goods, usually resulting in unwanted
debt for the cosignee, and a lesson in life about the limits of friendship and one of the pitfalls of same.
Example:
I never should've cosigned for that
loan, now I have to pay for a car
my buddy crashed before he
skipped out on the loan.
cosigner
by AaronL on Jun 14, 2007 04:12:08
A cosigner is a person who too-frequently supports anothers claims, or quickly joins in defense of their arguments because of a desire to fit it or express
loyality to the
arguer, rather than because of personal
conviction concerning the topic.
Example:
"Man, you gonna be a cosigner on everything she says
just cause you think
shes cute?"