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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebAccommodation EndorserDefinition:An accommodation endorser refers to someone who guarantees payment or performance of a financial obligation made by another individual, typically in the context of securing a loan or lease. The accommodation endorser assumes the responsibility of fulfilling the obligations if the primary debtor fails to do so. Senses:Sense 1: Guarantor for Financial ObligationsIn this sense, an accommodation endorser acts as a cosigner or guarantor for loans, leases, or other contractual agreements. They provide a form of assurance to the creditor that the debtor will fulfill their financial obligations. Example sentence: Jane's father agreed to be the accommodation endorser for her car lease, promising to cover the monthly payments if she couldn't. Sense 2: Accommodation Endorsement in Real EstateIn the context of real estate, an accommodation endorser may refer to an individual who endorses or guarantees the terms of a rental or lease agreement, ensuring the landlord's security in case the tenant defaults on payments or damages the property. Example sentence: The landlord requested a reliable accommodation endorser for the lease agreement to minimize any potential financial risks. Related Products:Find related books and resources on Amazon: | ||||
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