A person who adds his endorsing signature to a promissory note without compensation. This person, known also as the cosigner, acts as a guarantor who will be liable for payment in the event of default by the issuer. An endorser may add his official signature to a promissory note issued by a merchant so that the latter can qualify for credit or obtain it at more favorable terms.
Banking
Banking is an integral part of the modern financial system and plays an important role in an economy. It basically involves the so-called intermediation (e.g., ...
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