accommodation endorser Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: accommodation endorser

accommodation endorser

person who endorses a promissory note as a favor to the borrower, without compensation or benefit. An endorser or cosigner's signature enables the borrower to qualify for credit, or to obtain credit at more favorable terms. The endorser is a guarantor or surety, and remains secondarily liable in event of default.

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