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Accommodation |
Also found in: Medical, Wikipedia, Hutchinson | 0.01 sec. |
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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, 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. |
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? References in periodicals archive |
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To accomodate their New York
patrons, Cadence will also offer delivery services and valet bike
service which will allow clients to store bicycles at the facility and
pick them up when they want them. College officials have not yet decided
how they will accomodate the students until then. Several big-city
airports are expanding facilities to accomodate the growing number of
fliers. |
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Accomodate
