- A person who has indorsed a bill or note for the purpose of lending the credit or his name to another party. 11 Am J2d B & N § 121.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
accommodation indorser — A party who places his name to a note without consideration for purpose of benefiting or accommodating some other party. U.C.C. No. 3 415. See also indorsement … Black's law dictionary
indorser — One who indorses; one who signs as an indorser; even one who signs on the face of the instrument, provided he indicates his character as an indorser in writing appearing with the signature. Peoples Nat. Bank v Dicks, 258 Mich 441, 242 NW 825. One … Ballentine's law dictionary
accommodation — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… … Black's law dictionary
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
accommodation paper — An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it … Black's law dictionary
accommodation bill — A bill of exchange on which the maker, indorser, or acceptor has assumed liability, in order to tend the credit of his name to another party. 11 Am J2d B & N §121 … Ballentine's law dictionary
accommodation note — A promissory note on which the maker or indorser has assumed liability in order to lend his name to another person. 11 Am J2d B & N § 121 … Ballentine's law dictionary
accommodation paper — A bill or note which one has signed as a maker, drawer, acceptor, or indorser for the purpose of lending the credit of his name to another. 11 Am J2d B & N § 121 … Ballentine's law dictionary
accommodation party — A person who has signed a bill or note as maker, drawer, acceptor, or indorser for the purpose of lending his name to the credit of some other person. 11 Am J2d B & N § 12 1. Under the Commercial Code, absence of consideration is not a requisite… … Ballentine's law dictionary
accommodation endorser — noun a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower • Hypernyms: ↑endorser, ↑indorser … Useful english dictionary