Accomodation endorsement. A written agreement from one company to back the credit liability of another. In most cases, there are more or less close links between the two companies. In most cases, there are more or less close links between the two companies. – If a parent company in favor of a subsidiary issues such a declaration, it is referred to as a letter of comfort. – See accommodation, guarantee, blank credit, surety, bond.

A written agreement from one company to back the credit liability of another. In most cases, there are more or less close links between the two companies. In most cases, there are more or less close links between the two companies. – If a parent company in favor of a subsidiary issues such a declaration, it is referred to as a letter of comfort. – See accommodation, guarantee, blank credit, surety, bond.

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