accommodation note


accommodation note
n.
A note signed by an accommodation maker. Also called accommodation paper.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • accommodation note — 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

  • accommodation note — One to which accommodating party has put his name, without consideration, to accommodate some other party, who is to issue it and is expected to pay it. U.C.C. No. 3 415 For accommodation bill or note See accommodation paper …   Black's law dictionary

  • accommodation note — A promissory note on which the maker or indorser has assumed liability in order to lend his name to another person. 11 Am J2d B & N § 121 …   Ballentine's law dictionary

  • accommodation — I (adjustment) noun accordance, adaptation, agreement, arrangement, compositio, composition of differences, compromise, friendly agreement, harmonization, mutual understanding, obliging, provision, readjustment, reconciliatio, rectification,… …   Law dictionary

  • accommodation draft — 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

  • note — 1 n 1 a: a written promise to pay a debt; specif: promissory note in this entry bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note /käg nō vit , kōg /: a note in …   Law dictionary

  • accommodation paper — or accommodation bill or accommodation note n. 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 * * * …   Universalium

  • accommodation paper — or accommodation bill or accommodation note n. 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 …   English World 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 — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… …   Black's law dictionary


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