Accommodation Bill

When bill of exchange is drawn, accepted without any consideration for accommodation of himself/accepter or for mutual accommodation is called accommodation bill. 

Bill of exchange supported by a reputable third party (called an accommodation party or accommodation endorser) acting as a guarantor, as a favor and while not compensation. The bill then are often discounted on the monetary strength of the guarantor who remains liable till the bill is paid. also known as accommodation note, accommodation paper,