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What is a cosigner?

What is a cosigner? Here are some definitions.

Noun
  1. A cosignatory
  2. (law) A person who accepts joint responsibility for the debt of another
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The loan amount and borrower performance in repaying the loan will be reported on the credit history of both the borrower and cosigner.
Private student loans may be available, but generally require a creditworthy cosigner who is a United States citizen or permanent resident.
If you are not able to provide the landlord with this assurance, it is reasonable for them to ask for a cosigner who can pay the rent and utilities for you if you cannot.
Beware: A cosigner is a co-borrower, equally obligated to repay the loan.
When funds are deposited in any other account, and the president is not the cosigner for withdrawals, their name must be identified with the account to enable the president to personally verify the amount on deposit.
If the landlord is not convinced that you will be able to make your payments, you may be required to get a cosigner.

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