Law Dictionary Definitions

accommodation  line.Insurance.  One  or  more  policies  that  an  insurer  issues  to  retain  the business of a valued agent, broker, or customer, even though the risk would not be accepted under the insurer’s usual standards. [Blacks Law 8th]

accommodation land.See LAND. [Blacks Law 8th]

accommodation indorser.See INDORSER. [Blacks Law 8th]

accommodation indorsement.See INDORSEMENT. [Blacks Law 8th]

accommodation director.See dummy director under DIRECTOR. [Blacks Law 8th]

accommodation bill.See ACCOMMODATION PAPER. [Blacks Law 8th]

accommodation acceptance.See ACCEPTANCE(4). [Blacks Law 8th]

accommodation,n.1. A loan or other financial favor. 2. The act of signing an accommodation paper  as  surety  for  another.  See  ACCOMMODATION  PAPER.  3.  The  act  or  an  instance  of making  a  change  or  provision  for  someone  or  something;  an  adaptation  or  adjustment.  See PUBLIC  ACCOMMODATION;  REASONABLE  ACCOMMODATION  .  4.  A  convenience supplied by someone; esp.,…

accommodated  party.A  party  for  whose  benefit  an  accommodation  party  signs  and  incurs liability. Cf. AC-COMMODATION PARTY. [Blacks Law 8th]

accomenda  (ak-<<schwa>>-men-d<<schwa>>).Hist.  Maritime  law.  A  contract  between  a cargo  owner  and  a  shipmaster whereby  the  parties agree  to  sell the  cargo  and  divide  the  profits (after  deducting  the  owner’s  costs).  •  This  contract  actually  consists  of  two  agreements:  a mandatum,  by  which  the  owner  gives  the  shipmaster  the  power  to  dispose  of  the  cargo,  and …