Define: Accommodation Party

UK Accounting Glossary

Definition: Accommodation Party


Quick Summary of Accommodation Party


An Accommodation Party is a person who signs a negotiable instrument or commercial paper or agreement for the purpose of being a surety for another party (known as the accommodated party) to the instrument to help the accommodated party obtain a loan or an extension of credit.



What is the dictionary definition of Accommodation Party?

Dictionary Definition


The accommodation party is the person who signs an accommodation bill as a drawer, acceptor or endorser and also acts as the guarantor.


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Full Definition of Accommodation Party


An Accommodation Party is a person who signs a negotiable instrument or commercial paper or agreement for the purpose of being a surety for another party (known as the accommodated party) to the instrument to help the accommodated party obtain a loan or an extension of credit.


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Accommodation Party FAQ's



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
https://payrollheaven.com/define/accommodation-party/
Modern Language Association (MLA):
Accommodation Party. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 15, 2019 https://payrollheaven.com/define/accommodation-party/.
Chicago Manual of Style (CMS):
Accommodation Party. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accommodation-party/ (accessed: September 15, 2019).
American Psychological Association (APA):
Accommodation Party. PayrollHeaven.com. Retrieved September 15, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/accommodation-party/

Definition Sources


Definitions for Accommodation Party are sourced/syndicated from:


This glossary post was last updated: 27th January 2019.