codebtor Definition
a person who is jointly responsible for a debt or obligation with another person.
Using codebtor: Examples
Take a moment to familiarize yourself with how "codebtor" can be used in various situations through the following examples!
Example
The bank required a codebtor to approve the loan.
Example
The codebtor was held responsible for the remaining balance on the account.
Example
As a codebtor, she was equally liable for the debt.
codebtor Synonyms and Antonyms
Summary: codebtor in Brief
'Codebtor' [koh-deb-ter] refers to a person who shares equal responsibility for a debt or obligation with another person. It is often used in financial contexts, such as loans or accounts, and implies that both parties are equally liable for the debt. Examples of usage include 'The bank required a codebtor to approve the loan' and 'As a codebtor, she was equally liable for the debt.'
