An agreement in writing to be made liable without consideration of an instrument of credit, such as a notes payable, and is backed by another person or company to strengthen the credit application. For example, when a larger company endorses a note of one of its subsidiaries.
Related information about accommodation endorsement:
- Accommodation Endorsement Definition | Investopedia
A written agreement from one entity to back the credit liability of another. This insurance is made without consideration, and adds strength to the creditworthiness ...
- Accommodation Endorsement - Legal Dictionary - The Free Dictionary
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 ...
- Accommodation Endorsements financial definition of ...
That is, the third party provides an accommodation endorsement as a favor. The accommodation endorsement reduces the risk to the bill of exchange. See also: ...
- Accommodation Endorsement Law & Legal Definition
Accommodation endorsement is a note or written agreement endorsed by one person to back the credit liability of another so that bank will lend money to ...
- What is accommodation endorsement? definition and meaning
Definition of accommodation endorsement: An agreement in writing to be made liable without consideration of an instrument of credit, such as a notes payable, ...
- accommodation endorsement - Business Definition
accommodation endorsement definition: Guarantee without compensation by a third party to a promissory note. The endorser is liable in the event of a default....
- accommodation endorsement translation Spanish | English-Spanish ...
accommodation endorsement translation spanish, English - Spanish dictionary, meaning, see also 'accommodate',accommodating',accommodation address' ...
- Accommodation (law) - Wikipedia, the free encyclopedia
... sometimes called an accommodation endorsement. Such accommodation is not the smartest business practice, since the holder of the note can go after the ...