co-applicant

Popular Terms
A signatory on a credit application who assumes equal responsibility as the applicant. The co-applicant differs from a co-signer, in that the co-applicant typically receives the benefits of the credit as well as the responsibility.

Use 'co-applicant' in a Sentence

Since I do not have any established credit my mother is offering to be a co-applicant in order for me to purchase this car.
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You may want to have a co-applicant when you are taking something on to limit the liability on your end.
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I knew I could rely on him because he had already been a great co-applicant in the past and I trusted him.
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