Question
What Did You Learn?
Question 4 of 9
What is the correct defintion of a cosigner for a loan?
Someone who will pay the electric bills for a borrower
Someone who will promise to pay a loan if the borrower doesn't.
Someone who will pay a loan for a borrower.
Someone who signs the loan documents.
Question 4 of 9
What is the correct defintion of a cosigner for a loan?
Someone who will pay the electric bills for a borrower
Someone who will promise to pay a loan if the borrower doesn't.
Someone who will pay a loan for a borrower.
Someone who signs the loan documents.
Answers
GPT-4o mini
The correct definition of a cosigner for a loan is: **Someone who will promise to pay a loan if the borrower doesn't.** A cosigner agrees to take responsibility for the loan in case the primary borrower is unable to make the payments.