Definition of "accommodation"
  1. An uncompensated favor, often in the form of a guaranteed signature payment of a debt. It can be risky, as the debt holder may pursue the one providing the accommodation rather than the debtor. In another context, it might also mean making a concession to an adversary to facilitate a deal
How to use "accommodation" in a sentence
  1. Due to his financial difficulties, his friend offered him an accommodation by guaranteeing his bank loan.
  2. To finalize the contract, he provided an accommodation by agreeing to their terms.
  3. In an attempt to recover the loan, the bank went after the accommodation who had guaranteed the payment.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z