A loan that is given as a result of friendship or other motive that is without any security or consideration. … [Read more...] about ACCOMMODATION LOAN
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ACCELERATED DEPRECIAITION
In accounting, a depreciation method that allows a greater write off in early years rather than later years. Provides a tax benefit. This is as opposed to the straight line method of depreciation. … [Read more...] about ACCELERATED DEPRECIAITION
ACCEPTOR SUPRA PROTEST
One who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers. Law Dictionary - Alternative Legal Definition in contracts, is a third person, who, after protest for non-acceptance by the drawee, accepts the bill for the honor of the drawer, or of the particular endorser. 2. By this acceptance he subjects himself to the same obligations … [Read more...] about ACCEPTOR SUPRA PROTEST
ACCIDEBE
Lat. To fall; fall in; come to hand; happen. Judgment is sometimes given against an executor or administrator to be satisfied out of assets quando acci derint; i.e., when they shall come to hand. … [Read more...] about ACCIDEBE
ACCOMMODATION PAPER
An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it, and is to provide for the bill when due. Miller v. Larned, 103 111. 562; Jefferson County v. Burlington & M. R, Co., 66 Iowa, … [Read more...] about ACCOMMODATION PAPER