Overview

accommodation endorser


Related Overviews

 

More Like This

Show all results sharing this subject:

  • Financial Institutions and Services

GO

Show Summary Details

Quick Reference

A person or a bank that endorses a loan to another party; for example, a parent company may endorse a bank loan to a subsidiary. The endorser becomes a guarantor and is secondarily liable in case of default. Banks may endorse other banks' acceptance notes, which can then be traded on the secondary market.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.