comaker

noun

co·​mak·​er (ˌ)kō-ˈmā-kər 

: one that participates in an agreement

specifically : one who stands to meet a financial obligation in the event of the maker's default

Word History

First Known Use

circa 1934, in the meaning defined above

Legal Definition

co-maker

noun

co-mak·​er

ˈkō-ˌmā-kər

: one of two or more persons who sign an instrument to indicate a promise to pay a financial obligation

Note: Any co-maker may be sued for the entire amount of the indebtedness, although a co-maker who is forced to pay more than his or her share may seek contribution from the other co-makers.