accommodation acceptor

accommodation acceptor
accommodation acceptor Gefälligkeitsannehmer m

English-german law dictionary. 2013.

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  • 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 …   Law dictionary

  • accommodation paper — or accommodation bill or accommodation note n. a bill of exchange cosigned by one party as maker, acceptor, or endorser without requiring collateral or a fee, in order to lend his or her credit reputation to the second party * * * …   Universalium

  • accommodation paper — or accommodation bill or accommodation note n. a bill of exchange cosigned by one party as maker, acceptor, or endorser without requiring collateral or a fee, in order to lend his or her credit reputation to the second party …   English World dictionary

  • accommodation bill — A bill of exchange signed by a person (the accommodation party) who acts as a guarantor. The accommodation party is liable for the bill should the acceptor fail to pay at maturity. Accommodation bills are sometimes known as windbills or windmills …   Accounting dictionary

  • accommodation bill — A bill of exchange signed by a person (the accommodation party) who acts as a guarantor. The accommodation party is liable for the bill should the acceptor fail to pay at maturity. Accommodation bills are sometimes known as windbills or windmills …   Big dictionary of business and management

  • accommodation party — The person who signs an accommodation bill as drawer, acceptor, or endorser and acts as the guarantor …   Accounting dictionary

  • accommodation paper — An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it …   Black's law dictionary

  • accommodation paper — An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it …   Black's law dictionary

  • accommodation bill — A bill of exchange on which the maker, indorser, or acceptor has assumed liability, in order to tend the credit of his name to another party. 11 Am J2d B & N §121 …   Ballentine's law dictionary

  • accommodation paper — A bill or note which one has signed as a maker, drawer, acceptor, or indorser for the purpose of lending the credit of his name to another. 11 Am J2d B & N § 121 …   Ballentine's law dictionary

  • accommodation party — A person who has signed a bill or note as maker, drawer, acceptor, or indorser for the purpose of lending his name to the credit of some other person. 11 Am J2d B & N § 12 1. Under the Commercial Code, absence of consideration is not a requisite… …   Ballentine's law dictionary

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