ACCOMODATION

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  ACCOMODATION, com. law. That which is done by one merchant or other person
  for the convenience of some other, by accepting or endorsing his paper, or
  by lending him his notes or bills.
       2. In general the parties who have drawn, endorsed or accepted bills or
  other commercial paper for the accommodation, of others, are, while in the
  hands of a holder who received them before they became due, other than the


  person for whom the accomodation was given, responsible as if they had
  received full value. Chit. Bills, 90; 91. See 4 Cranch, 141; 1 Ham. 413; 7
  John. 361; 15 John. 355, 17 John. 176; 9 Wend. 170; 2 Whart. 344; 5 Wend.
  566;  8 Wend. 437; 2 Hill, S. C. 362; 10 Conn. 308; 6 Munfd. 381.