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what did you learn?question 3 of 9what is the correct definition of a cosigner for a loan?○ someone who will pay a loan for a borrower.○ someone who will promise to pay a loan if the borrower doesnt.○ someone who signs the loan documents.○ someone who will pay the electric bills for a borrower
A cosigner for a loan is a party who takes on legal responsibility to repay the loan if the primary borrower fails to do so. This is the core definition of a loan cosigner, differentiating it from the incorrect options which describe unrelated or incomplete roles.
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Someone who will promise to pay a loan if the borrower doesn't.