Definition of "comaker"
  1. A person who, together with one or more others, signs a check or promissory note, thereby jointly assuming full responsibility for the payment of the total amount due
How to use "comaker" in a sentence
  1. As a comaker of the loan, he is equally responsible if the primary borrower defaults.
  2. When applying for their car loan, they brought in a comaker to strengthen their application.
  3. Being a comaker can be risky as it can lead to full financial responsibility if the other party fails to make payments.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z