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, 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]

* * *

accommodation bill noun
A bill drawn, accepted or endorsed by one or more persons as security for a sum advanced to another by a third party, such as a banker
• • •
Main Entry:accommodate

* * *

accommodation bill, accommodation draft, or accommodation note,
a bill, draft, or note drawn, accepted, or endorsed by one person to enable another person to obtain credit by or to raise money on it.

Useful english dictionary. 2012.

Look at other dictionaries:

  • 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 — 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 …   Australian English dictionary

  • 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

  • accommodation bill — noun A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favor and without compensation …   Wiktionary

  • accommodation bill — /əˌkɒmə deɪʃ(ə)n ˌbɪl/ noun a bill of exchange where the person signing (the ‘drawee’) is helping another company (the ‘drawer’) to raise a loan …   Marketing dictionary in english

  • accommodation bill — /əˌkɒmə deɪʃ(ə)n ˌbɪl/ noun a bill of exchange where the person signing (the ‘drawee’) is helping another company (the ‘drawer’) to raise a loan …   Dictionary of banking and finance

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.