accommodation bill of exchange

См. также в других словарях:

• 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

• bill of exchange — An unconditional order in writing, addressed by one person (the drawer) to another (the drawee) and signed by the person giving it, requiring the drawee to pay on demand or at a fixed or determinable future time a specified sum of money to or to… …   Big dictionary of business and management

• bill of exchange — An unconditional order in writing, addressed by one person (the drawer) to another (the drawee) and signed by the person giving it, requiring the drawee to pay on demand or at a fixed or determinable future time a specified sum of money to or to… …   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 …   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 — 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

• accommodation bill — A bill of exchange on which the maker, indorser, or acceptor has assumed liability, in order to tend the credit of his name to another party. 11 Am J2d B & N §121 …   Ballentine's law dictionary