Printer Friendly
The Free Dictionary
989,488,630 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Surety
(redirected from Accommodation party)

    Also found in: Legal, Wikipedia 0.45 sec.
Surety
When a guarantor or a sum of money is held as a guarantee for a loan in good faith.

Notes:
It is similar to a deposit on a loan or contract.

See also: Guarantor
Surety
An individual or corporation that guarantees the performance or actions of another.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
170 charitable contribution deductions and the use of an exempt entity as an accommodation party in a transaction that will shift tax benefits.
Abusive tax transactions involving exempt organizations by Underwood, Joyce M. / The Tax Adviser
* The accommodation party must hold legal title to the property [during the transaction] and also hold other indicia of ownership that are recognized under commercial law, such as a contract for deed.
IRS blesses reverse exchanges by MILLER, DOUG / Real Estate Weekly
On the taxpayer's behalf, an accommodation party purchased property intended to be replacement property for the park property.
Non-safe-harbor reverse-exchange guidance by Bakale, Anthony / The Tax Adviser
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.