A person, company, or entity that assumes a portion, or all, of a certain debt in order to allow another entity to access a securities loan. In the end, it is the entity assuming the debt that becomes the lender for the third party and they take full responsibility for repaying the first loan or debt.

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