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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 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 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 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 Trade Finance Terms (2001)

by Mike Hammett

accommodation bill A bill of exchange signed ...

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 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 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 previewMultilingual Law Dictionary (1979)

by Lawrence Deems Egbert, Fernando Morales Macedo

accommodation bill billet (m), effet (m), traite (f) de complaisance pagaré (m); letra (f) de favor Gefälligkeitswechsel (m) 841. appropriation bill ...

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 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 previewDictionary of International Commerce (2012)

by W.J. Miller

ACCOMMODATION BILL. A bill of exchange or similar instrument to which a credit-worthy party has added its endorsement, usually to enhance the value of the bill as a money market instrument. ACCOMMODATION BILL OFLADING. A bill Of ...

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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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