accommodation endorser

Thesaurus

Noun

accommodation endorser - a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrowerendorser, indorser - a person who transfers his ownership interest in something by signing a check or negotiable security

LegalSeeCosigner

Accommodation Endorser

A party that makes a guarantee on a bill of exchange without compensation. That is, the accommodation endorser provides the guarantee as a favor. The accommodation endorser reduces the risk to the bill of exchange. See also: Accommodation Bill.

accommodation endorser

noun

Words related to accommodation endorser

noun a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower

Related Words

endorser
indorser

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