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English definition of “cosignatory”

cosignatory

noun [C]     /ˌkəʊˈsɪɡnətəri/ US   /ˌkəʊˈsɪɡnətɔri/ (also co-signatory)
one of two or more people, countries or organizations who sign an official agreement or document: He is a cosignatory to a letter, published in the Financial Times. Canada is a co-signatory of the North American Free Trade Agreement.
a person or organization that signs a document already signed by another person, agreeing to pay that person’s debt if they fail to do so: British students in the US need a local co-signatory to apply for a loan.
one of two or more people or organizations who take equal responsibility for a financial arrangement: When one of the co-signatories dies, all of the assets in the joint bank account will continue to be available to their partner. As a co-signatory to the mortgage, she is considered a joint investor in the fund.
(Definition of cosignatory noun from the Cambridge Business English Dictionary © Cambridge University Press)
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