Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    Negotiable paper upon which a maker or indorser assumes liability gratis.

  • Black's Law Dictionary: 2nd Edition

    An accommodation bill or note is one to which the accommodating party, be he acceptor, drawee or indorsee, has put his name, without consideration, for the purpose of benefiting or accommodating seme other party who desires to raise money on it, and is to provide for the bill when due. Miller v. Lamed, 103 111. 562; Jefferson County v. Burlington & M. In Co., 66 Iowa, 385, 16 N. W. 561, 23 N. W. 899; Gillmann v. Henry, 53 Wis. 465, 10 N. W. 692; Peale v. Addicks, 174 Pa. 543, 34 Atl. 201.