- accommodation maker
=>> accommodation party.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
accommodation maker — Name used to refer to a co maker who agrees to sign a note to induce the lender to make a loan, but who receives no direct benefit from the loan. American Banker Glossary … Financial and business terms
accommodation maker — The drawer of a bill, or the maker of a note, to which he has put his name for the purpose of accommodating, by a loan of his credit some other person who is to provide for the bill or note when it falls due. 11 Am J2d B & N § 121 … Ballentine's law dictionary
accommodation maker — One who puts his name to a note without any consideration with the intention of lending his credit to the accommodated party. In re Chamberlain s Estate, Cal.App., 109 P.2d 449, 454. U.C.C. No. 3 415. See also accommodation party … Black'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 party — see party 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accommodation party … Law dictionary
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. Amy Hackney Blackwell. 2008 … Law 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
maker — One who makes, frames, executes, or ordains; as a lawmaker, or the maker of a promissory note. One who signs a note to borrow and, as such, assumes obligation to pay note when due. The person who creates or executes a note, that is, issues it,… … Black's law dictionary
accommodation endorsement — The act of a third person the accommodation party in writing his or her name on the back of a commercial paper without any consideration, but merely to benefit the person to whom the paper is payable or to enable the person who made the document… … Law dictionary
accommodation party (maker) — n. A person who signs his or her name to a note or commercial paper to lend credit to another signer, the accommodated party, without consideration and thereby assuming liability for the debt; a cosigner or surety. The Essential Law Dictionary.… … Law dictionary