accommodated party
- This is a person or entity who gets the benefits when another party agrees to be legally responsible for an instrument, such as a loan or promise to pay
- The accommodated party needed an individual with a more established credit history to co-sign their loan application.
- The bank took on the role of the accommodated party, relying on the accommodation party to uphold the agreement.
- As the accommodated party, they benefitted from the bond's established by the accommodation party.
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