Same as Cosigner.
| Real Estate Dictionary: Co-Maker |
Same as Cosigner.
| 5min Related Video: Co-Maker |
| Law Encyclopedia: 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.
| obligor | |
| negotiable instrument | |
| check |
Copyrights:
![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved. Read more |
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