Accommodation Paper Definition
noun
A bill of exchange cosigned by one party as maker, acceptor, or endorser without requiring collateral or a fee, in order to lend his or her credit reputation to the second party.
Webster's New World
A negotiable instrument that one co-signs as a surety as an accommodation to another party, who remains primarily liable without receiving any benefit, compensation, or consideration. See also accommodation party.
Webster's New World Law
Other Word Forms of Accommodation Paper
Noun
Singular:
accommodation paperPlural:
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