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.

    4 people found this helpful
  • You may want to have a co-applicant when you are taking something on to limit the liability on your end.

    2 people found this helpful
  • I knew I could rely on him because he had already been a great co-applicant in the past and I trusted him.

    11 people found this helpful
Show more usage examples...

Related Videos

Have a question about co-applicant? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z