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Accommodation Bill

Definition of the noun Accommodation Bill

What does Accommodation Bill mean as a name of something?

noun

  1. [banking] A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favor and without compensation.

Explanation

Accommodation Bill: An Accommodation Bill is as its name implies, is a bill of exchange accepted and sometimes endorsed without any receipt of value in order to afford temporary pecuniary aid to the person accommodated.

Printed dictionaries and other books with definitions for Accommodation Bill

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Google previewModern Acc. Vol I, 2E (2001)

by Mohammed Hanif

Accommodation Bill An Accommodation Bill is a bill of exchange signed by a party as drawer, drawee, endorser to...

What actually happens in the case of an accommodation bill is that one party draws the bill and the other party accepts it.

Google previewFinancial Accounting (2003)

by Mukherjee & Hanif

Accommodation Bill An Accommodation Bill is a bill of exchange signed by a party as drawer, drawee, endorser to...

What actually happens in the case of an accommodation bill is that one party draws the bill and the other party accepts it.

Google previewBusiness Law

An accommodation bill means a bill which is drawn accepted without consideration. The person who becomes the holder of such a bill in good faith and for consideration after maturity may recover the amount from any party. 14.12 .9 Fictitious ...

Google previewThukral Brothers Accountancy XI (2015)

2014-15 Exam Cracker by Sunil Thukral, Shunty & Bunty

and accepted for a Trade Transactions, it is is drawn and accepted for Mutual Help, it is called Accommodation Bill. Q.8. Name the Ans. Q.9 .

Google previewAccounting for Management (2015)

by Dhanesh Kumar Khatri

A bill resulting from genuine business activity is called accommodation bill. 3. 4. For arriving at the due date of a.

Google previewInternational Library of Technology (1903)

A Series of Text Books for Persons Engaged in the Engineering Professions and Trades, Or for Those who Desire Information Concerning Them

An accommodation bill is a bill whereof the acceptor (that is, the principal debtor according to the terms of the instrument) is in substance a mere surety for some other person who may or may not be a party thereto. The distinction is material ...

Google previewPrinciples of Law (1903)

Commercial Paper; Banks and Banking; Partnership; Corporations; Building Associations; Beneficial Associations

An accommodation bill is a bill whereof the acceptor (that is, the principal debtor according to the terms of the instrument) is in substance a mere surety for some other person who may or may not be a party thereto. The distinction is material ...

Google previewDictionary of International Business Terms (2001)

by John Owen Edward Clark

accommodation bill Bill of exchange signed by one person in order to help another to raise a loan. The signatory (or ...

Google previewA Dictionary of Finance and Banking (2014)

by Market House Books

accommodation bill A *bill of exchange signed by a person (the accommodation party) who acts as a guarantor.

Google previewPitman's Dictionary of Economic and Banking Terms (1920)

by W. J. Weston, Albert Crew

ACCOMMODATION BILL. A Bill of Exchange drawn on a person who has received no consideration for it, and accepted by him on the understanding that the drawer will provide funds to meet it when due. The Accommodation Paper is usually ...

Google previewA Pocket Dictionary of the law of bills of exchange, promissory notes, bank notes, checks, etc. With an appendix, containing abstracts of cases ... relating to negotiable securities, etc (1816)

by John Irving Maxwell

ACCOMMODATION BILL or NoTE.Where any party accepts a bill or note without any consideration, but merely for accommodation only, payment of part of such bill or note will not discharge the drawer. Cooke's Bank.

Google previewDictionary of Finance, Investment and Banking (2016)

by E. Banks

ACCOMMODATION BILL A BILL OF EXCHANGE signed by a party, who then becomes the guarantor of payment. If the ACCEPTOR fails to pay the bill when it comes due, the accommodation party assumes full liability. ACCOMMODATION ...

Google previewDictionary of International Banking and Finance Terms (2001)

by John Owen Edward Clark, Financial World Publishing

accommodation bill Bill of exchange signed by one person in order to help ...

Google previewDictionary of International Trade Finance Terms (2001)

by Mike Hammett

accommodation bill A bill of exchange signed ...

Google previewA Dictionary of Travel and Tourism Terminology (2005)

by Allan Beaver

accommodation bill accommodation categorization systems Accredited Travel Professional acculturation AD75 ADA room. pinning knowledge to be expected of a competent member of staff of a tour operator after 1 year's experience (Level 1) ...

Google previewA Dictionary of Words and Phrases Used in Ancient and Modern Law (2000)

by Arthur English

See ACCOMMODATION BILL. Bill book. A book in which an account of promissory notes and bills of exchange are kept. Bill chamber. In Scotch law, a department of the Court of Session, always open for the hearing of petitions, the issuance of ...

Google previewA Dictionary of Business and Management (2016)

by Jonathan Law

accommodation bill A*bill of exchange signed by a person (the accommodation party) who acts as a guarantor. The accommodation party is liable ...

Google previewInternational Dictionary of Banking and Finance (2013)

by John Clark

accommodation bill Bill of exchange signed by one person in order ...

Google previewDictionary of International Investment and Finance Terms (2001)

by John Owen Edward Clark

accommodation bill A bill of exchange signed by one person in ...

Google previewInternational Dictionary of Management (1980)

by Hano Johannsen, G.Terry Page

accommodation bill. Bill of exchange drawn up with the intention that it should be discounted. accommodation note. Document in which one party acts as guarantor for ...

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Video about Accommodation Bill

Accommodation bill Meaning

Video shows what accommodation bill means. A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favor and without compensation ...

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