„Accommodation Note Or Paper“
What is an Accommodation Note Or Paper?
A bill of exchange or banker’s acceptance which is endorsed, accepted, or drawn by one party (the accommodating party) to benefit another party. The accommodating party generally does not charge or seek compensation for this act.
Source:
Financial and BankingView all itemsFrankel, E. (2005). Dictionary of International Trade, 8th Edition. World Trade Press.
