Co-borrower
A person who borrows jointly with another and is usually responsible for the debt under the terms of the agreement.
Related terms
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Borrower
The person or business that receives money or credit from a lender and is responsible for repayment under the agreement.
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Joint liability
An obligation shared by two or more people or organisations. The agreement and law determine whether each party can be pursued for all or only part of the debt.
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Loan
Money advanced by a lender that must be repaid under agreed terms, usually with interest or fees.
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