Glossary entry (derived from question below)
Macedonian term or phrase:
трасирана меница
English translation:
accommodation bill of exchange
Added to glossary by
Jasna Trandafilovska
Nov 10, 2016 19:36
7 yrs ago
1 viewer *
Macedonian term
трасирана меница
Macedonian to English
Bus/Financial
Finance (general)
Договор за кредит
Мислам дека нема потреба од контекст. Фала!
Proposed translations
(English)
5 | accommodation bill of exchange | Milena Chkripeska |
4 | bill of exchange drawn | Ekaterina Kroumova |
Proposed translations
1 hr
Selected
accommodation bill of exchange
Синоними: Аccommodation note, accommodation paper, or (in the UK) windbill.
Bill of exchange endorsed by a reputable third party (called an accommodation party or accommodation endorser) acting as a guarantor, as a favor and without compensation. The bill then can be discounted on the financial strength of the guarantor who remains liable until the bill is paid.
http://www.businessdictionary.com/definition/accommodation-b...
An accommodation bill of exchange is a bill of exchange which has been drawn for the mutual financial accommodation of the parties involved. Generally it is drawn not for value received. In order to oblige friends, many times bills are drawn, accepted and endorsed by businessmen without any consideration. By accepting such a bill the acceptor is able to lend his name, and the other party (drawer) taking advantages of the reputation of the acceptor gets it discounted with his bank.
http://www.accountingdetails.com/accomodation_bills_of_excha...
http://www.accountingexplanation.com/accommodation_bill_of_e...
http://www.oxfordreference.com/view/10.1093/oi/authority.201...
Bill of exchange endorsed by a reputable third party (called an accommodation party or accommodation endorser) acting as a guarantor, as a favor and without compensation. The bill then can be discounted on the financial strength of the guarantor who remains liable until the bill is paid.
http://www.businessdictionary.com/definition/accommodation-b...
An accommodation bill of exchange is a bill of exchange which has been drawn for the mutual financial accommodation of the parties involved. Generally it is drawn not for value received. In order to oblige friends, many times bills are drawn, accepted and endorsed by businessmen without any consideration. By accepting such a bill the acceptor is able to lend his name, and the other party (drawer) taking advantages of the reputation of the acceptor gets it discounted with his bank.
http://www.accountingdetails.com/accomodation_bills_of_excha...
http://www.accountingexplanation.com/accommodation_bill_of_e...
http://www.oxfordreference.com/view/10.1093/oi/authority.201...
4 KudoZ points awarded for this answer.
Comment: "Фала!"
12 mins
Something went wrong...