释义 |
accommodation bill
accommodation bill n (Commerce) commerce a bill of exchange cosigned by a guarantor: designed to strengthen the acceptor's credit. Also called: windbill or windmill accommodation bill
accommodation bill a BILL OF EXCHANGE accepted by an accommodation party, that is, a person signing without receiving value and for the purpose of lending his name (and his credit) to someone else. An accommodation party is liable on the bill to a holder for value.Accommodation Bill
Accommodation BillA bill of exchange that a third party guarantees without compensation. That is, the third party provides the guarantee as a favor. This reduces the risk to the bill of exchange. It is also called an accommodation note, accommodation paper, or a windbill. |