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Because the company had no collateral, its director signed an accommodation paper to help the startup secure a short-term loan.
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Because the company had no collateral, its director signed an accommodation paper to help the startup secure a short-term loan.
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Related words
accommodation paper
Noun
Japanese Meaning
商業や法の領域で、信用供与や資金調達のために、複数の当事者により起票、承認、または裏書される手形（支払い文書）を指す。 / 対価や担保なしで、他者が信用を得たり資金を調達できるようにするための、引受または裏書がなされたノートまたはビルとしての文書。
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