Accommodation bill

A form of bill of exchange ( www.practicallaw.com/9-107-6495) where the party signing as drawer, acceptor or indorser does not receive value (or consideration ( www.practicallaw.com/3-107-5984) ) for doing so and accepting primary liability under the bill. Typically, accepting or indorsing a bill without value is done to "accommodate" another party who may use the bill to raise finance, for example, a bankers' acceptance ( www.practicallaw.com/3-502-2123) .

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