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 ?
which selected ACC to build-out its new Third Avenue headquarters, and Tiffany & Co.
Along with its efforts in preform fabrication, Kowalske says the ACC continues to seek improvements in the entire SRIM process, including temperature control, mold-filling analysis, and development of various resin systems.
ACC used three sources to find all known in-house counsel for the ACC's 2011 Census Report, including ACC's database, Aspen Publishers and LexisNexis.
In addition to the build-out of offices, conference rooms and office lobby, the ACC team coordinated with audio/ visual engineers in the installation of a state-of-the-art media room.
What happened in Nottingham was that there was deep-seated anger from some members of the ACC of primates acting on their own towards ACC," said the bishop.
In other news, ACC has decided to close its Claremont Foundry, Inc.
WASHINGTON -- The Association of Corporate Counsel (ACC) will launch the ACC Value Index, a component of the ACC Value Challenge, at its 2009 Annual Meeting in Boston on Tuesday, October 20, 2009 at the Hynes Convention Center.
ACC has set up intricate filtration systems to ensure no dust or debris will penetrate a populated area and we work with electrical and soundproofing experts to prevent any power failure or noise disturbance, which could interfere with the operation of critical machinery.
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.
Within a few short months, Robert Leibrand and Leslie Reed, both from the NAVICP Engineering and Product Support Directorate, supported by Patrick Montgomery of Science Applications International Corporation (SAIC); and the DAU ACC editors and support staff, had laid the foundation for the community.
Some 35 years later, the ACC holds a unique position as the communion's only constitutional body.