accommodation acceptance
The acceptance of a bill of exchange for the purpose of lending credit to another party. 11 Am J2d B & N § 121.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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  • accommodation bill — a bill of exchange accepted by an accommodation party, that is, a person signing without receiving value and for the purpose of lending his name (and his credit) to someone else. An accommodation party is liable on the bill to a holder for value …   Law dictionary

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  • bankers' acceptance — United Kingdom A form of bill of exchange issued by a customer of a bank and backed by the bank accepting primary liability upon the bill s maturity (the customer remains secondarily liable as drawer of the bill). A bankers acceptance is an… …   Law dictionary

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  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

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