🔤 Codebtor ✨

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URDU

شریک قرض دار، ہم قرض دار، ساتھ قرضہ لینے والا، ضامن
🅰️ Roman Urdu:
sharik qarzdaar, ham qarzdaar, sath qarza lene wala, zamin
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ENGLISH

📚noun
codebtor
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PRONUNCIATION

Standard: /koʊˈdɛtər/
Phonetic: /koh det er/
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DEFINITION

a person who shares the obligation of a debt with one or more others
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EXAMPLE SENTENCES

The bank requested a codebtor to sign the loan agreement for safety. Her brother agreed to act as a codebtor on her mortgage contract. If the primary borrower defaults the codebtor becomes responsible for repaying debt. The legal document clearly outlines the financial obligations of each codebtor today. Both signers are equally responsible as codebtor for fulfilling the monthly payments.
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SYNONYMS

cosigner guarantor joint borrower obligor partner
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