what is accommodation bill ?
Answers
Answered by
2
a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration to enable that other to raise money or obtain credit thereby.
Answered by
4
Answer:
An Accommodation Bill is signed by a third party called an accommodation endorser. This bill enables the second party to obtain a loan or credit for a specific purpose. The third party stands as the guarantor for the second person to secure credit or a loan.
Similar questions