b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain Accommodation paper historic definition... Accommodation paper -- Negotiable paper, as bills of exchange
(drafts) drawn, accepted or indorsed, or promissory
notes made or indorsed without consideration by one person
to enable another to obtain credit or to raise money.
As between the maker and the accommodation indorser
nothing can be recovered.
|