What does accommodation bill mean?

accommodation bill meaning in Law Dictionary

bill finalized by a 3rd party that is the guarantor for no additional cost. Its discounted based on the guarantor's monetary security. AKA accomodation note, accomodation report, plus in the UK windbill.

accommodation bill meaning in Business Dictionary

Bill of trade supported by an established third party (known as an accommodation celebration or accommodation endorser) acting as a guarantor, as a favor and without compensation. The balance then could be reduced on the financial energy regarding the guarantor just who continues to be liable before the bill is compensated. Also called accommodation note, accommodation report, or (when you look at the UK) windbill.