Accommodation

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Accommodation

A form of loan in which the borrower is not obligated to compensate the lender. These loans are often accompanied by accommodation bills, which guarantee that a third party compensates the lender, should the borrower be unable.  Troubled financial institutions frequently use accommodation loans.

Accommodation

In the Uniform Commercial Code, a situation in which a seller makes delivery of goods of insufficient quality. The buyer may accept or reject the whole of the goods, but may not accept only a portion. See also: Partial Performance.
References in periodicals archive ?
The iKey 2000 features 8 KB of built-in memory to accomodate encryption keys and digital certificates.
The broad range of applications can handle LTL and small packages at the same time (not two different systems) permit the same order to be opened at multiple stations simultaneously, can accomodate package history tracking and provide line item detail, and much, much, more.
Ursus Telecom Corporation (Nasdaq/NMS:UTCC) today announced that the Company has elected to quadruple its current bandwidth to Latin America to accomodate existing demand, while creating headroom for its growing I/P telephony initiative in this global region.
Increasing capacity -- that is, improving our ability to accomodate more scrap tires through the front door and more tire-chips out the back door, without increasing our fixed costs -- is a critically important success factor for GreenMan," Davis explained.
A nominal increase in shares and conventional financing should accomodate near-term requirements.