Meaning of the word: Co-debtor
Co-debtor is a person who is willing to participate in the debt repayment, together with the debtor up to 100% of the amount due. Co-debtor has the same rights and obligations as a debtor and is also the guarantor, because in the case that a debtor is unable to meet the commitment, the co-debtor takes this obligation.
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FROM DICTIONARY
State supervision
State supervision controls the interest of consumer protection. It is a public authority which is controlling, if the insurance institutions are able…
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