cosurety in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
COSURETY: A person or entity that shares equal responsibility with another for a debt or obligation, particularly in a loan agreement.
Crossword clues for cosurety
Crossword clue ideas and answer hints for the word "cosurety".
- Jointly responsible guarantor in a loan agreement.
- Shared obligation partner for a financial commitment.
- Equal liability holder in a debt arrangement.
- Co-signer for a mutual financial responsibility.
- Collaborative guarantor for shared financial duties.
Cosurety sentence examples
- The agreement required the cosurety to assume equal responsibility for the loan.
- In the event of default, the cosurety would need to cover the outstanding debt.
- Both parties acted as cosureties, ensuring greater security for the lender.
- The cosurety's signature on the contract solidified their commitment to the financial obligation.
- Legal advice was sought to clarify the risks associated with being a cosurety.