accommodation note


accommodation note
One to which accommodating party has put his name, without consideration, to accommodate some other party, who is to issue it and is expected to pay it. U.C.C. No. 3-415
For accommodation bill or note

Black's law dictionary. . 1990.

Look at other dictionaries:

  • accommodation note — n. A note signed by an accommodation maker. Also called accommodation paper. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • accommodation note — 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

  • accommodation note — A promissory note on which the maker or indorser has assumed liability in order to lend his name to another person. 11 Am J2d B & N § 121 …   Ballentine's law dictionary

  • accommodation — I (adjustment) noun accordance, adaptation, agreement, arrangement, compositio, composition of differences, compromise, friendly agreement, harmonization, mutual understanding, obliging, provision, readjustment, reconciliatio, rectification,… …   Law dictionary

  • accommodation draft — 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

  • note — 1 n 1 a: a written promise to pay a debt; specif: promissory note in this entry bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note /käg nō vit , kōg /: a note in …   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 — 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 * * * a bill, draft, or note made, drawn,… …   Useful english dictionary

  • accommodation — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… …   Black's law dictionary


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