accommodation maker
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 315 U.S. 447 - D'Oench, Duhme & Co. v. Federal Deposit Insurance · 1942Most cited · 4,097 citing opinions
An accommodation maker is not allowed that defense [of no consideration] as against the receiver of the bank and its creditors, or at times even as against the bank itself, where his act contravenes a general policy to protect the institution of banking from such secret agreements.