accommodation bill


accommodation bill
noun or accommodation paper
: a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby

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a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration, to enable the second person to obtain credit or raise money. Also called accommodation paper.
[1815-25]

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accommodation bill noun
A bill drawn, accepted or endorsed by one or more persons as security for a sum advanced to another by a third party, such as a banker
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Main Entry:accommodate

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accommodation bill, accommodation draft, or accommodation note,
a bill, draft, or note drawn, accepted, or endorsed by one person to enable another person to obtain credit by or to raise money on it.

Useful english dictionary. 2012.