Usually means: Person jointly liable for debt.
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We found 7 dictionaries that define the word codebtor:

General (4 matching dictionaries)
  1. codebtor: Collins English Dictionary
  2. codebtor: Wiktionary
  3. codebtor: Dictionary.com
  4. Codebtor: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. codebtor: Merriam-Webster Legal Dictionary
  2. Glossary of Legal Terms (No longer online)
  3. Codebtor: Financial dictionary

Definitions from Wiktionary (codebtor)

noun:  One of a group of people who are jointly responsible for a debt.

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