Topic: Accommodation Endorser
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Answers to Common Questions
What is Accommodation Endorser?
Person who endorses a Promissory Note as a favor to the borrower, without compensation or benefit. An endorser or cosigner's signature enables the borrower to qualify for credit, or to obtain credit at more favorable terms. The endorser is ... Read More »
Source: http://www.answers.com/topic/accommodation-endorser-2
What's the definition of accommodation endorser?
accommodation endorser: a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower Read More »
Source: http://www.kgbanswers.com/whats-the-definition-of-accommodation-e...
What does accommodation endorser mean?
1. a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower Read More »
Source: http://www.audioenglish.net/dictionary/accommodation_endorser.htm
More Common Questions
Answers to Other Common Questions
A guarantee made on a bill of exchange without compensation for the guaranteeing party. That is, the third party provides an accommodation endorsement as a favor. The accommodation endorsement reduces the risk to the bill of exchange. See a...
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Source: http://financial-dictionary.thefreedictionary.com/Accommodation+E...
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 doc...
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Source: http://legal-dictionary.thefreedictionary.com/Accommodation+Endor...
