Accommodation

Business, Legal & Accounting Glossary

Definition: Accommodation



What is the dictionary definition of Accommodation?

Dictionary Definition


n. 1) a favour done without compensation (pay or consideration), such as a signature guaranteeing payment of a debt, sometimes called an accommodation endorsement. 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.


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/
Modern Language Association (MLA):
Accommodation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2020 https://payrollheaven.com/define/accommodation/.
Chicago Manual of Style (CMS):
Accommodation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accommodation/ (accessed: November 29, 2020).
American Psychological Association (APA):
Accommodation. PayrollHeaven.com. Retrieved November 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/accommodation/

Definition Sources


Definitions for Accommodation 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: 26th April, 2020 | 0 Views.