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 ?
Meanwhile, Jimenez lamented that the said facility is "overburdened", as it is only built to accomodate 50 children but often houses 250.
With two all weather-courts, the club is open all year round and thanks to the lottery funding, the additional third court has disabled access that will allow the club to accomodate the high demand for use.
Major 2001 legislation changes covered by the supplement include: flexibility in hours of work; new definition of right to picket; new directions concerning duty to accomodate; employer's responsibility f or injuries and harassment outside the workplace; compensation for work-related stress; cross-border security measures and their impact on movement of employees and goods; and, clarification of the departing employee's obligation to respect corporate opportunities.
JUST days ago, we revealed that Coldplay's Chris Martin has had a special double bedroom built on his tour bus to accomodate his new love, Gwyneth Paltrow.
This is as a result of their need to accomodate for the required amount of deliveries to a multitude of sites.
Wealthier parents, after all, can use the law to force schools to accomodate them or place their child in a private school.