co-maker

co-maker
One who becomes obligated, an obligor, under a negotiable instrument—such as a check or promissory note—by signing his or her name along with the name of the original obligor, thereby promising to pay on it in full.
A co-maker is a type of accommodation party, who is someone who has signed a commercial paper to aid someone wishing to raise money on it. An accommodation party lends his or her name to another person and makes a promise to pay the bill or note when it is due if the other person defaults.

Dictionary from West's Encyclopedia of American Law. 2005.


co-maker
One who becomes obligated, an obligor, under a negotiable instrument—such as a check or promissory note—by signing his or her name along with the name of the original obligor, thereby promising to pay on it in full.
 
A co-maker is a type of accommodation party, who is someone who has signed a commercial paper to aid someone wishing to raise money on it. An accommodation party lends his or her name to another person and makes a promise to pay the bill or note when it is due if the other person defaults.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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