surety(redirected from Accommodation party)
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Related to Accommodation party: accommodation endorser
1. a person who assumes legal responsibility for the fulfilment of another's debt or obligation and himself becomes liable if the other defaults
2. security given against loss or damage or as a guarantee that an obligation will be met
3. stand surety to act as a surety
A person or organization who, for a consideration, promises in writing to make good the debt or default of another.