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, 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 ?
Both Abantildeo and Fernandez extol ACC Philippines' role in broadening their worldview.
The members meanwhile also discussed the possibilities of resumption of international cricket in Pakistan through the ACC platform.
At the end of the session, the ACC members thanked the PCB for making excellent arrangements for the AGM.
Research has shown that ACC functions safely in the majority of cases [28].
Oman Cricket's General Secretary Madhu Jesrani, Treasurer Kiran Asher and Chief Development Officer Duleep Mendis, the Sri Lankan who is also the coach of the Oman national team, are representing the Sultanate at the ACC General Assembly.
He called upon the ACC to reject nepotism in corruption cases filed by commission.
Two ACC partners, Palestinian producer Rami Alayan (Palcine Productions) and Qatari-Lebanese producer Aya Al Blouchi (Seat 26), will be part of the Rotterdam Lab programme.
The ACC will be the window to present the stories of Asian countries," said Assistant Minister Bang Sun-gyu, ACC president.
Now the ACC's development officers are set to work from the International Cricket Council (ICC) office in Dubai Sport's City.
QUITE like the teasers that are these days released before the actual films, BCCI president Jagmohan Dalmiya said on Thursday that the Asian Cricket Council ( ACC) might be " revived", just two days after the body's last AGM.
I-ACC will make its debut this year on the new European CR-V(1), building upon the traditional Adaptive Cruise Control (ACC) system.