Business and Personal Finance Dictionary

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• CO-BORROWER
  
  A second person on the title of a loan. If your credit rating isn’t good enough to qualify you for a loan, a co-borrower can help you get the loan you need by co-signing for you. The co-borrower, sometimes referred to as a co-signer, would sign the promissory note with you and if you were to default on the loan, the loan would then become their responsibility.
  
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