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.
That includes transport, food and accommodation bills for recovering wildlife and equipment such as heat pads for over-wintering hedgehog patients.
Visiting the first four or five franchisees on a personal basis every few months is one thing: establishing a professional support office for 50 or more franchisees with staff, communications, travel and accommodation bills is a very different matter.
Cardiff council said the final cost to taxpayers included travel and accommodation bills of pounds 2,399.
But it will not pay extra accommodation bills, flights or an air ambulance home.
His Lordship stated that all his increasing debts were due to money loaned to a third party for whom he signed accommodation bills.
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.
comOr, for something a little different, save on accommodation bills by exchanging houses with somebody.