ACCOMMODATION ENDORSEMENT Definition

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ACCOMMODATION ENDORSEMENT is a) the guarantee given by one legal entity to induce a lender to grant a loan to another legal entity. b) a banking practice where one bank endorses the acceptances of another bank, for a fee, qualifying them for purchase in the acceptance market.

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PERSISTENT EARNINGS is the level of earnings, from accounting to accounting period, that are continually recurring.

MORATORIUM a legally authorized postponement before some obligation must be discharged.

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