One who, as a favor to another, signs a Note as acceptor, maker, or endorser without receiving compensation or other benefit, and who thus guarantees the debt of the other person. See also Cosign.
| Business Dictionary: Accommodation Endorser, Maker, or Party |
| 5min Related Video: Accommodation Endorser, Maker, or Party |
| Accommodation Paper (in banking) |
| What is an accommodation deed and what legal rights does the accommodating party have on the property in CA? | |
| How do you endorse a second party check? | |
| Why is party endorsement important? |
Copyrights:
![]() | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |