1. Two or more persons who are jointly liable for the same debt or obligation.
Usage: Legal term; plural of codebtor; Used in contract law and finance

Examples

• The bank required both spouses to be codebtors on the mortgage.
• When multiple parties sign a promissory note, they become codebtors.
• The codebtors are each responsible for paying the full amount of the loan.
• If one codebtor defaults, the creditor can pursue the others for payment.
• The contract specified that all three business partners would be codebtors for the equipment lease.