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Usually there is some 'fine print' near where you sign. Basically it states that all information that you gave on the application is true and correct. You are saying that you are the one responsible for the information.
An application is a legal document. It may be for a job, credit card, loan, fuel assistance, insurance, a lease, etc. You must sign it in order to make it binding on you. You are agreeing to any terms set forth in the application. You may be granting permission for the entity to research your background, contact people used as personal references, contact other entities where you have accounts, use your personal information for related purposes or share your personal information. You may be agreeing to an obligation or responsibility, or financial responsibility.
Before signing your name to any application you should know and understand exactly what the small print states and you should always have a copy of the signed instrument for your records.
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