accommodation paper
accommodation paper see paper

Merriam-Webster’s Dictionary of Law. . 1996.

accommodation paper
n. 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.

Webster's New World Law Dictionary. . 2000.


accommodation paper
A type of commercial paper (such as a bill or note promising that money will be paid to someone) that is signed by another person—the accommodation party—as a favor to the promisor—the accommodated party—so that credit may be extended to him or her on the basis of the paper.

Dictionary from West's Encyclopedia of American Law. 2005.


accommodation paper
A type of commercial paper (such as a bill or note promising that money will be paid to someone) that is signed by another person—the accommodation party—as a favor to the promisor—the accommodated party—so that credit may be extended to him or her on the basis of the paper.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • 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 Paper — A negotiable instrument that provides a third party promise of payment in the case that the original borrower does not live up to the terms of the original transaction. Accommodation papers are usually used to support one party s creditworthiness …   Investment dictionary

  • accommodation paper — An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it …   Black's law dictionary

  • accommodation paper — noun see accommodation bill …   Useful english dictionary

  • accommodation paper — A bill or note which one has signed as a maker, drawer, acceptor, or indorser for the purpose of lending the credit of his name to another. 11 Am J2d B & N § 121 …   Ballentine's law dictionary

  • paper — pa·per n 1: a piece of paper containing a written statement: as a: a formal written composition or document often intended for publication the Federalist paper s b: a document containing a statement of legal status, identity, authority, or… …   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

  • Paper — Pa per (p[=a] p[ e]r), n. [F. papier, fr. L. papyrus papyrus, from which the Egyptians made a kind of paper, Gr. pa pyros. Cf. {Papyrus}.] 1. A substance in the form of thin sheets or leaves intended to be written or printed on, or to be used in… …   The Collaborative International Dictionary of English

  • Paper birch — Paper Pa per (p[=a] p[ e]r), n. [F. papier, fr. L. papyrus papyrus, from which the Egyptians made a kind of paper, Gr. pa pyros. Cf. {Papyrus}.] 1. A substance in the form of thin sheets or leaves intended to be written or printed on, or to be… …   The Collaborative International Dictionary of English

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.