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Accommodation Paper

A New Law Dictionary and Glossary · Alexander M. Burrill · 1850

A New Law Dictionary and Glossary

Inmercantile usage

A bill or note drawn, accepted, or endorsed by one person for another, there being no consideration between them, for the sole purpose of raising money upon it, for the accommodation of one or both of them.* Story <m Bills, § 187. Accommodation paper is now governed by the same rules as other paper. 3 Kent's Com. 86, and not€, ibid.