Cosigner - Law Dictionary Search Results
cosigner
Matched in: Term cosigner
contingent claim
A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails to pay. Source: Administrative Office of the U.S. Courts
liability
an amount that may or may not be owed depending on the outcome of a contingency (as a cosigner's default on a loan) fixed liability : a liability (as a bond or mortgage) that does not mature
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