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Accommodation Endorser

Definition of the noun accommodation endorser

What does accommodation endorser mean as a name of something?

noun

  1. a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower
    • lexical domain: People - nouns denoting people
    • more generic words: endorser / indorser = a person who transfers his ownership interest in something by signing a check or negotiable security

Printed dictionaries and other books with definitions for Accommodation Endorser

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Google previewAccounting and business dictionary (1922)

an encyclopedia of accounting, financial, commercial law and general business terms by Emile Bienvenu

" ACCOMMODATION ENDORSER: One who endorses commercial paper without consideration, to enable another to raise money upon it. ACCOMMODATION PAPER: A note ...

Google previewA Dictionary of Finance and Banking (2014)

by Market House Books

accommodation endorser A person or a bank that endorses a loan to ...

Google previewA Dictionary of Business and Management (2016)

by Jonathan Law

accommodation endorser A person or a bank that endorses a loan to another party; for example, a parent company may endorse a bank loan to a subsidiary. The endorser becomes a guarantor and is secondarily liable in case ...

Google previewDICTIONARY OF BUSINESS AND ECONOMIC TERMS, 5th ed. (2007)

ACCOMMODATION ENDORSER, MAKER, or PARTY one who, as a favor to another, signs a NOTE as acceptor, maker, or endorser without receiving compensation or other benefit, and who thus guarantees the debt of the other person.

Google previewEncyclopedia of Forms and Precedents for Pleading and Practice (1901)

At Common Law, in Equity, and Under the Various Codes and Practice Acts by William Henry Michael, William Mack, Howard Pervear Nash, James Cockroft, Thomas Edward O'Brien

nature and character of which are as follows, to wit: That this defendant was but an accommodation endorser, for the said Peter S. Mic/tier, of the two notes upon which this suit has been brought. That the said notes were discounted by the ...

Google previewThe American and English Encyclopedia of Law (1890)

by John Houston Merrill, Charles Frederic Williams, Thomas Johnson Michie, David Shephard Garland

A second accommodation endorser of a bill of exchange against whom and the first accommodation endorser a joint judgment has been recovered, will be released from liability by a valid tender by the first endorser to the judgment creditor of ...

Google previewNew Websterian 1912 Dictionary (1912)

Based Upon the Unabridged Dictionary of Noah Webster : with a Reference Library and Treasury of Facts by Noah Webster, Harry Thurston Peck

Accommodation Endorser. One who endorses accommodation paper. Accommodation Paper.

Google previewDictionary of Finance and Investment Terms, 9th ed. (2014)

by John Downes, Jordan Goodman

CONTINGENT LIABILITIES Banking: potential obligation of a guarantor or accommodation endorser; or the position of a customer who opens a letter of credit and whose account will be charged if a draft is presented. The bank's own ultimate ...

Google previewDictionary of Finance and Investment Terms (2010)

CONTINGENT LIABILITIES Banking: potential obligation of a guarantor or accommodation endorser; or the position of a customer who opens a letter of credit and whose account will be charged if a draft is presented. The bank's own ultimate ...

Google previewBlackie’s Dictionary of Banking and Finance

by Blackie

Accommodation Endorser A negotiable ...

Google previewDictionary of International Commerce (2012)

by W.J. Miller

Generally, the accommodation endorser is not a direct party to the transaction which gave rise to the creation of the instrument. By acting as endorser, however, the accommodation party assumes responsibility for redeeming the instrument ...

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