accommodation

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accommodation

n. 1) a favor done without compensation (pay or consideration), such as a signature guaranteeing payment of a debt, sometimes called an accommodation indorsement. Such accommodation is not the smartest business practice, since the holder of the note can go after the accommodator rather than the debtor and will do so if the accommodator has lots of money or is easier to locate than the debtor. 2) giving in to an adversary on a point to make a deal work. (See: guarantor)

accommodation

(Adjustment), noun accordance, adaptation, agreement, arrangement, compositio, composition of differences, compromise, friendly agreement, mutual understanding, obliging, provision, readjustment, reconciliatio, rectification, settlement

accommodation

(Backing), noun assistance, championing, cooperation, endorsement, guarantee, seconding, security, sponsorship, succor, support, surety
Associated concepts: accommodated endorser, accommooated party, accommodated payee, accommodation acceptance, accommodation bill, accommodation endorseeent, accommodation guarantor, accommodation maker, accommodation note, accommodation paper, accommodaaion signer, cautio fidejussoria
See also: accord, accordance, adjustment, advance, advancement, advantage, agreement, aid, amenity, arrangement, assistance, benefit, betterment, comity, compact, compatibility, compliance, conciliation, condonation, conformity, consideration, consortium, dispensation, favor, help, latitude, loan, lodging, provision, recompense, relief, scope, service, settlement, space, support, understanding

ACCOMMODATION, contracts. An amicable agreement or composition between two contending parties. It differs from accord and satisfaction, which may take place without any difference having existed between the parties.

References in periodicals archive ?
The new FINEOS Claims Manager product will provide ACC with functionality in a number of areas and will be used by about 1300 of ACC's 2000 staff.
Episcopal Life newspaper reported that Josephine Hicks, a member of ECUSA's ACC deputation, had urged the council to approve the request saying it needed to make a "leadership statement.
ACC created a multi-phased project to accommodate daily quiet hours while classes were in session and to avoid disturbing the science lab's tight schedules.
Kowalske says the ACC already has demonstrated 6-min cycle times, which would be commercially viable for an annual production yield (one tool, one part) of 50,000 SRIM units.
With the ACC synthase gene now available for genetic tinkering, several lines of investigation become attractive, say these and other researchers.
A flexible and business configurable system, which allows ACC to implement change in a timely manner
Speaking to members of the Council of General Synod (COGS), Bishop Paterson said there was "a great deal of unease" expressed by ACC members at the possibility of the body being dominated by primates.
Clearly, ACC is positioned for the next economic boon differently than in the past and with much broader capabilities than when the recession began nearly four years ago.
The ACC TeleCom name also represents the rapidly expanding product capabilities of a growing company.
Kevin's new position better reflects the breadth and importance of the work he does for the association," said ACC president, Fredrick J.
COGS, the Anglican Church of Canada's governing body between General Synods, passed a resolution stating that CoGS "not give approval" to an ACC resolution passed during a meeting in Nottingham, England, last June, which would allow the 38 primates, or national bishops, to join the ACC.
ACC Construction has completed its second Cold Stone Creamery in Staten Island at 240 Page Avenue Avenue, adding another one of the popular ice cream and entertainment franchises to the area, announced Michele Medaglia, president of the New York-based WBE general contracting and construction management firm.