Contents
Accommodation Party
Summary of Accommodation Party
One who provides an ACCOMMODATION ENDORSEMENT (read this and related legal terms for further details) on a negotiable instrument.
(Main Author: William J. Miller)
Description of Accommodation Party
Resources
See Also
Related Entries of the International Encyclopedia:
- Acceptance Summary of Acceptance A bill of exchange or draft that has been accepted upon presentation to the drawee; the acceptance is created upon presentation by stamping or writing the word accepted across the face of the instrument, accompanied by the signature of the drawee. Instruments on which [...]...
- Acceptance And Return The act of returning an accepted draft or bill of exchange, through banking channels, to the maker to await maturity. Upon maturity, the holder of the instrument would return it to the drawee and demand payment. This process is cumbersome and is often avoided by leaving the acceptance at the bank th......
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- Acceptance Facility Acceptance Financing is considered here.......
- Clean Acceptance A formal acknowledgment by a principal in negotiations for the charter of a vessel that he accepts the offer submitted to him, without further modification, and that he binds himself to execute the charter PARTY (read this a......
- Usance Bill Also known as a term bill, a bill of exchange (read here for further details) that affords a term of credit to the party accepting the bill (e.g., thirty days' sight, sixty days date). In effect, a usance bill is any bill other than one ......
- Bank Acceptance Bank Acceptance in International Trade Meaning of Bank Acceptance, according to the Dictionary of International Trade (Global Negotiator): A draft accepted by a bank usually for the purpose of financing the sale of goods to or by the bank's customer. The bill may be drawn , for example, by [...]...
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- Datafreight Receipt A document issued by some steamship operators in lieu of a bill of LADING (read this and related legal terms for further details) on straight consignment shipments. Rather than issue a formal bill of lading, the carrier ......
- Accommodation Paper Description of Accommodation Paper Resources See Also Bills Notes...
- Acceptance Or Approval Acceptance or Approval and the Treaties of the European Union Description of Acceptance or Approval provided by the European Union Commission: The instruments of "acceptance" or "approval" of a treaty have the same legal effect as ratification and consequently express the [...]...
- Private Bill A bill of exchange (read here for further details) drawn upon and accepted by a party other than a bank; trade acceptances, for example, are private bills.......
- Loading Summary of Loading A risk premium in addition to interest charges and acceptance fees deducted by a bank or discount house from the face value of a bill of exchange (read here for further details) presented for discounting. This additional margin will vary, depending upon the quality of the [...]...
- Codetermination Summary of Codetermination The corporate management process employed in some countries whereby labor representatives sit on the company's board of directors. This practice arose in Germany following World War I, gaining wide acceptance in that country following World War II. Worker [...]...
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- Sighting The presentation for acceptance of a bill of exchange (read here for further details) payable at sight or a given number of days after sight.......
- Accommodation Bill Summary of Accommodation Bill A bill of exchange or similar instrument to which a credit-worthy party has added its endorsement, usually to enhance the value of the bill as a money market instrument.(Main Author: William J. Miller) Description of Accommodation Bill Resources See [...]...
- Investment Bill A bill of exchange purchased at a discount and held to maturity.......
- Accommodation Bill Of Lading A bill of lading issued by a carrier or its agent to a shipper in advance of actual receipt of the goods for carriage. The motives for such action may be to permit the shipper to draw on an expiring letter of credit, or to book a sale during a particular accounting period. The carrier is responsible......
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- Clean Bill of Exchange Any bill of exchange (read here for further details) not accompanied by documents, such as invoices, bills of lading, et cetera. See direct collection.......
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- Offer Summary of Offer In vessel charter transactions, synonymous with Firm Offer (read this and related legal terms for further details).(Main Author: William J. Miller) Best and Final Offer (BFO) in International Trade Meaning of Best and Final Offer (bfo), according to the [...]...
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- Cross Bill Synonymous with re-draft (read this and related legal terms for further details).......
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- Sight Bill A bill of exchange (read here for further details), payable at sight, i.e., upon presentation.......
- Accommodation Description of Accommodation Accommodation Bill or Note Resources See Also Accommodation paper Resources See Also Accommodation maker Resources See Also Further Reading Information related to accommodation in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United [...]...
- Accommodation Endorsement The endorsement of a bill of exchange or other negotiable instrument by a bank or other credit worthy party for purposes of enhancing the acceptability of the instrument in the money market. Generally, the accommodation endorser is not a direct party to the transaction which gave rise to the creatio......
- Accommodation Line Summary of Accommodation Line The acceptance by an insurance company of substandard risks as an accommodation to a particular broker who has previously provided, and is expected to continue to provide, attractive underwriting business.(Main Author: William J. Miller) Description [...]...
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- Accommodation Road Resources See Also Easement...
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- Accommodation Acceptance Description of Accommodation Acceptance Description of Accommodation Acceptance Resources See Also Sales Resources See Also Acceptance...
- Accommodation Maker Resources See Also Accommodation party...
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- Accommodation Indorser Resources See Also Indorsement...
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- Charter Party A maritime contract for the lease of all or part of a ship for a period of time or for a voyage or voyages. The expression is derived from the Latin carta partida, meaning "divided document," because the charter agreement was written twice on one sheet of paper, which was then cut or [...]...
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