Accommodation Bill


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Accommodation Bill

A bill of exchange that a third party guarantees without compensation. That is, the third party provides the guarantee as a favor. This reduces the risk to the bill of exchange. It is also called an accommodation note, accommodation paper, or a windbill.
References in periodicals archive ?
There are a series of failures among companies which had managed to survive with accommodation bills.
The Department of Foreign Affairs and Trade, through its international media visits budget, will be paying flight and five-star accommodation bills of 10,000 dollars each for 25 Indian reporters to take tours of Australia, focusing on Melbourne.
Barry is making the trip to Kwazula with a team of 22 workmates from Total Uk Ltd - the Watfordbased company is footing all travel and accommodation bills so everything he raises goes straight to the charity.
An insider said all of the RTE crew will travel to China business class - with flights costing in excess of EUR3,000 each - landing the licence-payer with a total bill of more than EUR120,000 in air tickets alone with accommodation bills for a month on top of that.
The health and accommodation bills are already running into their thousands.
Cardiff council said the final cost to taxpayers included travel and accommodation bills of pounds 2,399.
75 per cent is added to each transaction, especially large purchases like accommodation bills, it makes a big difference to the credit card bill.
According to reports, the Australian Government will be paying flight and five-star accommodation bills of 10,000 dollars each for Indian reporters to take tours of Australia, focusing on Melbourne.
But it will not pay extra accommodation bills, flights or an air ambulance home.
This year, the council will fork out more than pounds 1m on accommodation bills.
His Lordship stated that all his increasing debts were due to money loaned to a third party for whom he signed accommodation bills.