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accommodation bill

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noun

a bill, draft, or note made, drawn, accepted, or endorsed by one person for another without consideration, to enable the second person to obtain credit or raise money.

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Also called accommodation paper.

Origin of accommodation bill

First recorded in 1815–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

British Dictionary definitions for accommodation bill

accommodation bill

noun

commerce a bill of exchange cosigned by a guarantor: designed to strengthen the acceptor's creditAlso called: windbill, windmill
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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