accommodation bill

American  

noun

1. 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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accommodation bill British  

noun

1. Also called: windbill.   windmill.  commerce a bill of exchange cosigned by a guarantor: designed to strengthen the acceptor's credit

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Etymology

Origin of accommodation bill

First recorded in 1815–25

Example Sentences

Stuck on to what they calls a kite, an accommodation bill.

From Phoebe, Junior by Oliphant, Mrs. (Margaret)

An accommodation bill, as its name implies, is a bill of exchange accepted and sometimes endorsed without any receipt of value in order to afford temporary pecuniary aid to the person accommodated.

From The Project Gutenberg Encyclopedia Volume 1 of 28 by Project Gutenberg

The holder for value of an accommodation bill may enforce it exactly as if it was an ordinary bill, for that is the presumable intention of the parties.

From Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" by Various

The criterion of an accommodation bill is the fact that the principal debtor according to the instrument has lent his name and is in substance a surety for some one else.

From Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" by Various

I think it will do me good to see some real money—bank-notes and gold, and that sort of thing—for an accommodation bill is the only form of cash I've handled since I came of age.

From Run to Earth A Novel by Braddon, M. E. (Mary Elizabeth)