ACCOMMODATION PAPER

accommodation paper.A negotiable instrument that one party cosigns, without receiving any

consideration,  as  surety  for  another  party  who  remains  primarily  liable.  •  An  accommodation

paper is typically used when the cosigner is more creditworthy than the principal debtor. — Also

termed  accommodation  bill;  accommodation  note.  [Cases:  Bills  and  Notes    49,  96.  C.J.S. Bills

and Notes; Letters of Credit §§ 24–25, 63.] [Blacks Law 8th]