acceptance for honor definition

acceptance for honor

Undertaking by a third party to accept and pay (in part or in full) a bill of exchange that was dishonored, either by non-acceptance (see dishonor by non-acceptance) or by non-payment (see dishonor by non payment) by the party on whom it was drawn. Also called acceptance supra protest.

acceptance for honor is in the Accounting & Auditing, Banking, Commerce & Finance and International Trade & Relations subjects.

acceptance for honor appears in the definitions of the following terms: acceptance supra protest and dishonor

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