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 ?
'If 2.75 per cent is added to each transaction, especially large purchases like accommodation bills, it makes a big difference to the credit card bill.
"There are a series of failures among companies which had managed to survive with accommodation bills. It seems that bankruptcies are returning to an upward trend again," it said.
That includes transport, food and accommodation bills for recovering wildlife and equipment such as heat pads for over-wintering hedgehog patients.
Cardiff council said the final cost to taxpayers included travel and accommodation bills of pounds 2,399.50 claimed by the three experts brought in to run the courses, which included a foundation conference.
But it will not pay extra accommodation bills, flights or an air ambulance home.
If 2.75pc is added to each transaction, especially large purchases like accommodation bills, it makes a big difference to the credit card bill.
His Lordship stated that all his increasing debts were due to money loaned to a third party for whom he signed accommodation bills.