- accommodation bill
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A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favor and without compensation.
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accommodation bill
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accommodation bill — a bill of exchange accepted by an accommodation party, that is, a person signing without receiving value and for the purpose of lending his name (and his credit) to someone else. An accommodation party is liable on the bill to a holder for value … Law dictionary
Accommodation bill — Accommodation Ac*com mo*da tion, n. [L. accommodatio, fr. accommodare: cf. F. accommodation.] [1913 Webster] 1. The act of fitting or adapting, or the state of being fitted or adapted; adaptation; adjustment; followed by to. The organization of… … The Collaborative International Dictionary of English
accommodation bill — or note See accommodation paper … Black's law dictionary
accommodation bill — or note See accommodation paper … Black's law dictionary
accommodation bill — noun or accommodation paper : a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby * * * a bill, draft, or note made, drawn,… … Useful english dictionary
accommodation bill or note — See accommodation paper … Black's law dictionary
accommodation bill or note — See accommodation paper … Black's law dictionary
accommodation bill — A bill of exchange signed by a person (the accommodation party) who acts as a guarantor. The accommodation party is liable for the bill should the acceptor fail to pay at maturity. Accommodation bills are sometimes known as windbills or windmills … Accounting dictionary
accommodation bill — A bill of exchange signed by a person (the accommodation party) who acts as a guarantor. The accommodation party is liable for the bill should the acceptor fail to pay at maturity. Accommodation bills are sometimes known as windbills or windmills … Big dictionary of business and management
accommodation bill — /əkɒməˈdeɪʃən bɪl/ (say uhkomuh dayshuhn bil) noun a bill of exchange endorsed by one person for another, to enable the second person to obtain credit or raise money by giving extra security. Also, US, accommodation draft, accommodation note …
accommodation bill — a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration, to enable the second person to obtain credit or raise money. Also called accommodation paper. [1815 25] * * * … Universalium
