protest of negotiable instrument

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 instrument for acceptance or payment, noting the fact of dishonor by nonacceptance or nonpayment, and the making of the formal certificate, declaration, memorandum, or notice of protest by the notary. 11 Am J2d B & N § 789. For contents and formal requisites of protest or certificate thereof, see 11 Am J2d B & N § 798.

Ballentine's law dictionary. . 1998.

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  • protest — A remonstrance. A technical term for a proceeding to cancel or defeat an entry of public lands. 42 Am J1st Pub L § 31. A notice, preferably in writing, given at the time a payment is paid, to the person who made the demand, that the person making …   Ballentine's law dictionary

  • protest for nonacceptance — See protest of negotiable instrument …   Ballentine's law dictionary

  • noting protest — The memorandum, made on the instrument or on some other record, at the time of and embracing the principal facts attending dishonor, the purpose of which memorandum is to have a record from which the instrument of protest may be prepared, so that …   Ballentine's law dictionary

  • No Protest - NP — When a bank receives instructions from another bank not to protest items in the event that a negotiable instrument is not paid or accepted. The collecting bank is not liable for nonpayment or non acceptance when attempting to obtain payment… …   Investment dictionary

  • note of protest — A note of the fact of the protest of a negotiable instrument indorsed thereon by a notary at the time of its protest. See memorandum; municipal note; promissory note; public note …   Ballentine's law dictionary

  • go to protest — A negotiable instrument being protested for nonacceptance or nonpayment. See protest …   Ballentine's law dictionary

  • waiver of protest — An oral or written, express or implied relinquishment by a party to a negotiable instrument of his right to have the instrument protested upon dishonor. 11 Am J2d B & N §§ 831 et seq …   Ballentine's law dictionary

  • Notary public — An embossed foil Notary Seal from the State of New York. A notary public (or notary or public notary) in the common law world is a public officer constituted by law to serve the public in non contentious matters usually concerned with estates,… …   Wikipedia

  • carriage of goods — ▪ law Introduction       in law, the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier.… …   Universalium

  • payable — Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay… …   Black's law dictionary

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