dishonor |
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Definition
Failure to accept (dishonor for non-acceptance) or pay (dishonor for non-payment) a valid (proper and legal) bill of exchange or negotiable instrument, which has been duly presented for acceptance or payment. See also acceptance for honor.
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dishonor is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and International Trade & Relations subjects.
dishonor appears in the definition of the following term: returned check
dishonor appears in these other terms: notice of dishonor, dishonor by non-payment, dishonored check, wrongful dishonor, dishonor by non-acceptance
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