Accommodation(redirected from subnormal accommodation)
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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.Â Troubled financial institutions frequently use accommodation loans.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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