What is the meaning of accommodation?

accommodation is the lending of one person's good name or credit standing to a second person with no compensation in order that the second person may borrow money from a third person. Historically, accommodation meant the making of a loan by one person to a second person who lacks sufficient collateral but has the backing of a third person.

4
 
|15 years ago|523 views|share |citing 
APABarry Goldsmith. (2010). accommodation. Retrieved September 21, 2026, from http://smartdefine.org/accommodation/definitions/1146973
ChicagoBarry Goldsmith. 2010. "accommodation" http://smartdefine.org/accommodation/definitions/1146973 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, accommodation, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/accommodation/definitions/1146973>.
MLABarry Goldsmith. "accommodation" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/accommodation/definitions/1146973>
{ class="autoclick" }next definition (/)