Comaker Legal Meaning and Definition

Here is a simplified definition of the legal term Comaker.

Comaker (noun)

A comaker is a person who willingly signs a legal agreement, such as a loan or other negotiable instrument, along with another person. By doing this, the comaker shares the responsibility of making payments and fulfills the obligation if the other party fails to do so. Shared liability continues until the full amount is paid or other conditions in the agreement are met.