presentment for acceptance

presentment for acceptance
The presenting of a bill of exchange to the drawee therein named for his acceptance and agreement to pay the bill, usually at some time in the future. 11 Am J2d B & N § 730. Any act which amounts to a notification of the holding of a bill of exchange with a request to accept, accompanied by the bill. 11 Am J2d B & N § 734. Where the acceptance of the bill is in writing, the word "seen," or the word "accepted," or the word "presented," written on the bill itself, or on any other paper relating to the transaction, will amount to an acceptance of the bill. Barnet v Smith, 30 NH 256.

Ballentine's law dictionary. . 1998.

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  • presentment for acceptance — bringing a promissory note before the person who is to repay it …   English contemporary dictionary

  • presentment — pre·sent·ment /pri zent mənt/ n 1: the act of presenting to an authority a formal statement of a matter to be dealt with; specif: the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of… …   Law dictionary

  • presentment of bill of exchange — See presentment for acceptance; presentment for payment …   Ballentine's law dictionary

  • Presentment — Pre*sent ment, n. 1. The act of presenting, or the state of being presented; presentation. Upon the heels of my presentment. Shak. [1913 Webster] 2. Setting forth to view; delineation; appearance; representation; exhibition. [1913 Webster] Power… …   The Collaborative International Dictionary of English

  • Presentment of a bill of exchange — Presentment Pre*sent ment, n. 1. The act of presenting, or the state of being presented; presentation. Upon the heels of my presentment. Shak. [1913 Webster] 2. Setting forth to view; delineation; appearance; representation; exhibition. [1913… …   The Collaborative International Dictionary of English

  • presentment — [prē zent′mənt, prizent′mənt] n. [ME < OFr presentement < presenter: see PRESENT, vt.] the act of presenting; presentation; specif., a) an exhibition; thing presented to view b) Commerce the producing of a note, bill of exchange, etc. for… …   English World dictionary

  • presentment — The written notice taken by a grand jury of any offense, from their own knowledge or observation, without any bill of indictment laid before them at the suit of the government. A presentment is an accusation, initiated by the grand jury itself,… …   Black's law dictionary

  • presentment — noun Date: 14th century 1. the act of presenting to an authority a formal statement of a matter to be dealt with; specifically the notice taken or statement made by a grand jury of an offense from their own knowledge without a bill of indictment… …   New Collegiate Dictionary

  • presentment — /pri zent meuhnt/, n. 1. an act of presenting, esp. to the mind, as an idea, view, etc. 2. the state of being presented. 3. a presentation. 4. the manner or mode in which something is presented. 5. a representation, picture, or likeness. 6. Com.… …   Universalium

  • presentment — pre•sent•ment [[t]prɪˈzɛnt mənt[/t]] n. 1) an act of presenting, esp. to the mind, as an idea, view, etc 2) the state of being presented 3) a presentation 4) the manner or mode in which something is presented 5) a representation, picture, or… …   From formal English to slang

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