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-paper
Plural:
accommodation-papers

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