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  2. A co-signer takes on all the rights and responsibilities of a loan along with the borrower. This means that if the borrower can’t make a payment on the loan, the co-signer is responsible.

  3. How To Get Out of Being a Co-Signer on a Loan - AOL

    www.aol.com/being-co-signer-loan-140030235.html

    Here are potential ways to get out of being a loan co-signer. Check for a Co-Signer Release Option Especially if you co-signed a car or student loan, the loan contract might mention a co-signer ...

  4. Should you cosign a loan for your child or a loved one? A ...

    www.aol.com/finance/pros-cons-cosigning-loan...

    Benefits of cosigning. Drawbacks of cosigning. You can help a loved one qualify for a loan. You assume full liability for payments and late fees if the main borrower falls behind or files bankruptcy

  5. Loan guarantee - Wikipedia

    en.wikipedia.org/wiki/Loan_guarantee

    The term can be used to refer to a government promising to take on a private debt obligation if the borrower defaults.Most loan guarantee programs are established to correct perceived market failures by which small borrowers, regardless of creditworthiness, lack access to the credit resources available to large borrowers.

  6. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Forms of loan agreements vary tremendously from industry to industry, country to country, but characteristically a professionally drafted commercial loan agreement will incorporate the following terms: Parties to contracts with their addresses; Definitions or interpretation provisions; Facility and purpose [a] Conditions precedent to utilization

  7. Trade credit - Wikipedia

    en.wikipedia.org/wiki/Trade_credit

    Trade credit has been identified as a critical source of short-term financing for listed manufacturing companies. A trade credit contract is a legally binding agreement between two parties that allows a buyer to purchase goods or services on account and pay the supplier at a later date [7]

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