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Accommodation Bill

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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.


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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.
He had an accommodation bill amounting to nearly pounds 2,000, a pounds 480 spend on restaurants and made a withdrawal of pounds 150 on his corporate credit card.
 
 
 
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