dishonor by nonpayment

dishonor by nonpayment
A negotiable instrument is dishonored by nonpayment when it is duly presented for payment and payment is refused or cannot be obtained, or when presentment is excused and the instrument is overdue and unpaid. 11 Am J2d B & N § 739.

Ballentine's law dictionary. . 1998.

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  • 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

  • nonpayment — The failure of an obligor to make payment on the maturity of the obligation. Failure to pay according to the terms of an obligation, the effect of which, in case of a bill or note, may be dishonor and protest. See dishonor by nonpayment; protest …   Ballentine's 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

  • nonpayment — I noun bad debt, balance due, default, deferred payment, delinquency, dishonor, dishonored bill, evasion, failure, failure to pay, lapse, neglect, outstanding debt, oversight, refusal to pay, repudiation, unpaid dues associated concepts:… …   Law dictionary

  • nonpayment at maturity — index dishonor (nonpayment) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Nonpayment — (Roget s Thesaurus) < N PARAG:Nonpayment >N GRP: N 1 Sgm: N 1 nonpayment nonpayment Sgm: N 1 default default defalcation Sgm: N 1 protest protest repudiation Sgm: N 1 application of the sponge| application of the sponge| =>! Sgm …   English dictionary for students

  • nonpayment — I (New American Roget s College Thesaurus) Lack of payment Nouns 1. nonpayment, default, delinquency; protest, repudiation, evasion, reneging, kiting; unprofitableness; bad debt; cancellation, write off, moratorium, rent strike; insolvency,… …   English dictionary for students

  • 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 — Synonyms and related words: abase, abuse, affront, aspersion, bad character, bad debt, bad name, bad odor, bad report, bad reputation, bad repute, belittlement, black mark, blemish, blot, bring into discredit, bring low, bring shame upon, call… …   Moby Thesaurus

  • dishonor — I (New American Roget s College Thesaurus) n. treachery, infamy, perfidy; infidelity, adultery; disgrace. v. t. disgrace, shame; default (on) (see nonpayment). See disrespect, disrepute, improbity, wrong. II (Roget s IV) n. 1. [Disgrace] Syn.… …   English dictionary for students

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