A person that endorses a promissory note without being offered any compensation or benefits. Essentially, the act is done as a favour and allows a borrower to qualify for a loan or credit that may not otherwise be available to them.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill