dishonor by nonacceptance

dishonor by nonacceptance
A term of the commercial law. A bill is dishonored by nonacceptance when it is duly presented for acceptance and the prescribed acceptance is refused or cannot be obtained, or when presentment for acceptance is excused and the bill is not accepted. 11 Am J2d B & N § 736.

Ballentine's law dictionary. . 1998.

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  • nonacceptance — Want of acceptance. See dishonor by nonacceptance …   Ballentine's law dictionary

  • dishonor — dis·hon·or 1 n: refusal on the part of the issuer (as a bank) to pay or accept commercial paper (as a check) when it is presented see also wrongful dishonor dishonor 2 vt: to refuse to pay or accept a bank dishonor ing the checks for insufficient …   Law dictionary

  • Dishonor — Dis*hon or (d[i^]s*[o^]n [ e]r or d[i^]z*[o^]n [ e]r), n. [OE. deshonour, dishonour, OF. deshonor, deshonur, F. d[ e]shonneur; pref. des (L. dis ) + honor, honur, F. honneur, fr. L. honor. See {Honor}.] [Written also {dishonour}.] [1913 Webster]… …   The Collaborative International Dictionary of English

  • nonacceptance — index declination, denial, disapproval, disdain, dishonor (nonpayment), exclusion, impugnation, nega …   Law dictionary

  • dishonor — I. noun Etymology: Middle English dishonour, from Anglo French deshonur, from des dis + honur honor Date: 13th century 1. lack or loss of honor or reputation 2. the state of one who has lost honor or prestige ; shame < has brought dishonor on his …   New Collegiate Dictionary

  • dishonor — Loss of respect; shame and disgrace. Nonpayment of a bill or note. Nonacceptance of a bill or draft. See fraud or dishonesty …   Ballentine's law dictionary

  • notice of dishonor — A notice that a bill or note has been dishonored by nonacceptance or nonpayment. An essential of a cause of action of the holder against an indorser or drawer, unless waived or dispensed with, as where, under the circumstances, it cannot be given …   Ballentine's law dictionary

  • protest of negotiable instrument — The formal certificate, notice, declaration, or memorandum, drawn up and signed by a notary public, that he presented the instrument for acceptance or for payment and that it was refused. In loose usage, an act or series of acts in presenting the …   Ballentine's law dictionary

  • dishonour — Dishonor Dis*hon or (d[i^]s*[o^]n [ e]r or d[i^]z*[o^]n [ e]r), n. [OE. deshonour, dishonour, OF. deshonor, deshonur, F. d[ e]shonneur; pref. des (L. dis ) + honor, honur, F. honneur, fr. L. honor. See {Honor}.] [Written also {dishonour}.] [1913… …   The Collaborative International Dictionary of English

  • declination — I noun abnegation, denial, disavowal, disclaimer, negation, nonacceptance, noncompliance, nonconsent, refusal, refusal of consent, rejection, renunciation, repudiation, unwillingness II index abandonment (repudiation), abatement (reduction) …   Law dictionary

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