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TeachMeFinance.com - explain Accommodation Note Or Paper Accommodation Note Or Paper -- A bill of exchange or banker's acceptance which is endorsed, accepted, or drawn by one party (the accommodating party) to benefit another party. The accommodating party generally does not charge or seek compensation for this act. historic definition... Accommodation note -- A promissory note given, not for value received, but as an accommodation to another. There are also accommodation bills of exchange (drafts). The maker of an accommodation note is fully liable for the amount of it, except in special circumstances, for which see Accommodation party. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.