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What are the legal differences between a co-borrower co-maker co-signer and guarantor?
Blusboy
A co-borrower, co-maker, or co-signer make a promise to a lender to repay a note or complete an agreement. The co-borrower, co-maker, or co-signer are generally not the primary recipient of the note or agreement but simply provide additional guarantees to the lender. This is usually done when the borrower, maker, or primary signer does not provide sufficient security or confidence to the lender.
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∙ 11y ago
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