Question

What is the correct definition of a cosigner for a loan?(1 point) Responses Someone who will pay the electric bills for a borrower. Someone who will pay the electric bills for a borrower. Someone who signs the loan documents. Someone who signs the loan documents. Someone who will pay a loan for a borrower. Someone who will pay a loan for a borrower. Someone who will promise to pay a loan if the borrower doesn’t

Answer 1

The correct definition of a cosigner for a loan is: **Someone who will promise to pay a loan if the borrower doesn’t.**