noun a bill of exchange that is accepted by a bank on behalf of a customer
In legal contexts, an accommodation bill may be used as a means of providing security or credit for a transaction, often involving a third party acting as a guarantor.
In accounting practices, accommodation bills may be recorded as a form of financial instrument that impacts a company's balance sheet.
In the realm of international trade, accommodation bills play a role in ensuring smooth transactions and mitigating risks for parties across borders.
Within business transactions, accommodation bills are utilized to facilitate trade and provide assurance of payment between parties involved.
In the banking and finance industry, an accommodation bill is a type of bill of exchange that is accepted by a bank on behalf of a customer, serving as a guarantee of payment.
In the world of finance, a writer may come across accommodation bills when researching different types of financial instruments and credit facilities. They may need to understand how accommodation bills work and their implications for businesses and individuals.
Psychologists may encounter accommodation bills when working with clients who are experiencing financial stress or difficulties. Understanding the concept of accommodation bills can help psychologists provide better support and guidance to their clients in managing financial challenges.
Accountants may deal with accommodation bills when helping clients manage their finances and cash flow. They may need to analyze accommodation bills as part of their financial planning and budgeting services for businesses and individuals.
Lawyers may come across accommodation bills when dealing with legal cases related to financial transactions and contracts. Understanding the legal implications of accommodation bills can be crucial for lawyers representing clients in disputes or negotiations involving such instruments.