Cosigner

In finance, the term cosigner denotes a person (or other entity) which signs a binding legal agreement along with one or more other parties.

When a legal agreement is cosigned by more than one person or entity, each of the entities is party to the contract.

Depending on the terms and conditions of the contract in question, cosigners may share equal legal responsibility for the contract, or responsibilities may differ between cosigners.

In Switzerland, it is common for landlords to allow a third party to acts as a cosigner and guarantor of a rental housing agreement. In this arrangement, the cosigner assumes liability to cover any rental payments which are not covered by the renter in keeping with the contract.

Cosigning loan agreements is also common. See the detailed explanation of the term loan cosigner for more information on this use of the term.

More on this topic:
Swiss personal loan comparison

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.