Accommodation Endorsement

Business, Legal & Accounting Glossary

Definition: Accommodation Endorsement




Full Definition of Accommodation Endorsement


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 document—the maker—to obtain money or credit on it.

An accommodation endorsement is a loan of the endorser’s credit up to the face amount of the paper.


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https://payrollheaven.com/define/accommodation-endorsement/
Modern Language Association (MLA):
Accommodation Endorsement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 16, 2021 https://payrollheaven.com/define/accommodation-endorsement/.
Chicago Manual of Style (CMS):
Accommodation Endorsement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accommodation-endorsement/ (accessed: October 16, 2021).
American Psychological Association (APA):
Accommodation Endorsement. PayrollHeaven.com. Retrieved October 16, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/accommodation-endorsement/

Definition Sources


Definitions for Accommodation Endorsement 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: 8th October, 2021 | 0 Views.