ACCOMODATION ENDORSEMENT Definition

Bookmark and Share

ACCOMODATION 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.

Learn new Accounting Terms

GUARANTEE DEPOSIT see SELLER GUARANTEE DEPOSIT.

IMPUTED COSTS refer to the cost of an asset, service, or company that is not physically recorded in any accounts but is implicit in the product.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.