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

PAYMENT ON ACCOUNT see ON ACCOUNT.

MORTGAGE is a conditional conveyance of property as security for the repayment of a loan.

Suggest a Term

Enter Search Term

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