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 ?
Some of the works that will be auctioned off are the creations of ACC grantees that include Ambie Abantildeo, Anton del Castillo, Noel Soler Cuizon, Dexter Fernandez, Riel Hilario, Leeroy New, and Samuel Penaso.
Meanwhile ACC and Leon will share a booth during the 7th Art Fair Philippines at The Link, Ayala Center, Makati, Feb.
During the meeting Afghanistan was unanimously selected as full member ACC.
I welcome Nazam ul Hasan as the new president of the ACC, I am confident that he will work in promoting the game further in the region.
Duke defeated Notre Dame in last year's ACC Championship Game.
CTA programs and events to be continued under ACC include the reception at the Eastern Fuel Buyers Conference in Orlando on May 2; the Coal Trading Conference in New York on December 4-5; and the Fundamentals of Coal Trading class, which is being converted to an online education program.
Drivers judged that ACC increases driving comfort and safety in a real driving experiment with maneuvers such as vehicle following at constant and variable speed, and cut-in, and overtaking on the highway [22].
The Oman Cricket also informed that the Sultanate has also made it to the ACC Executive Board for a period of two years.
Ensour told the ACC president and members that they were helping the state in strengthening its power and prestige and upholding the rule of law.
Accompanying ACC at Rotterdam are producers Rula Nasser (The Imaginarium Films) from Jordan, Sabine Sidawi (Orjouane Productions) from Lebanon, and Saliee Waly (S Entertainment) from Egypt.
The Asia Culture Center (ACC) is envisioned to be Asia's artistic and cultural hub and was built at a cost of $680 million and funded entirely by the Korean government through the Ministry of Culture, Sports and Tourism (MCST).
Dubai: The Asian Cricket Council (ACC), which has ruled Asian cricket from 1983, held its last meeting last week in Kuala Lumpur.