Accommodation Endorsement

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Also found in: Financial.

Accommodation Endorsement

The act of a third person—the accommodation party—in writing his or her name on the back of a Commercial Paper without any consideration, but merely to benefit the person to whom the paper is payable or to enable the person who made the document—the maker—to obtain money or credit on it.

An accommodation endorsement is a loan of the endorser's credit up to the face amount of the paper.

References in periodicals archive ?
com is able to track accommodation endorsements to identify what travellers' value most in British accommodation.