Person who endorses a Promissory Note as a favor to the borrower, without compensation or benefit. An endorser or cosigner's signature enables the borrower to qualify for credit, or to obtain credit at more favorable terms. The endorser is a Guarantor or surety, and remains secondarily liable in event of default. See also Comaker.
Accommodation Endorser
| Banking Dictionary: Accommodation Endorser |
| 5min Related Video: Accommodation Endorser |
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 | Accommodation Paper (in banking) |
| Accommodation Endorser, Maker, or Party (business term) |
| Contingent Liability (in banking) |
 | What is an endorser? Read answer... |
| How the eye accommodates? Read answer... |
| What is an accommodation mean? Read answer... |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Accommodation Paper (in banking)
- Accommodation Endorser, Maker, or Party (business term)
- Contingent Liability (in banking)
- Contingent Liabilities (finance term)
- Accommodation Party (legal term)
