March 19, 2018
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The ability to borrow, on the opinion conceived by the lender that he will be repaid. A debt due in consequence of a contract of hire or borrowing of money.
Related Articles:
- Glossary: ACCEPTANCE FOR VALUE
- Glossary: ACCOMMODATIONAn arrangement or engagement made as a favor to another, not upon a consideration received.
- Glossary: ACCOMODATION MAKER
- Glossary: ACCOMMODATION PARTYOne who signs commercial paper in any capacity for purpose of lending his name (i.e. credit) to another party to instrument.
- Glossary: ACCOUNT
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