Accommodation Bill

Business, Legal & Accounting Glossary

Definition: Accommodation Bill

Accommodation Bill

Quick Summary of Accommodation Bill

A bill of exchange endorsed by a reputable third party acting as a guarantor, as a favour and without compensation.

What is the dictionary definition of Accommodation Bill?

Dictionary Definition

An accommodation bill is a bill of exchange signed for by a person (the accommodation party) acting as a guarantor. The accommodation party is liable for the bill should the acceptor fail to pay at maturity. Accommodation bills are sometimes also referred to as windbills or windmills.

Full Definition of Accommodation Bill

A type of bill of exchange where the party signing as drawer, acceptor or endorser does not receive value (or consideration) for doing so and accepting primary liability under the bill. Typically, accepting or endorsing a bill without value is done to “accommodate” another party who may use the bill to raise finance, for example, a bankers’ acceptance.

Accommodation bills are sometimes also called windbills or windmills.

Synonyms For Accommodation Bill

kite, windmill, finance bill, windbills

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accommodation Bill. Payroll & Accounting Heaven Ltd.
May 20, 2024
Chicago Manual of Style (CMS):
Accommodation Bill. Payroll & Accounting Heaven Ltd. (accessed: May 20, 2024).
American Psychological Association (APA):
Accommodation Bill. Retrieved May 20, 2024
, from website:

Definition Sources

Definitions for Accommodation Bill are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th January, 2022 | 0 Views.