protest

Definitions (3)
Related Terms
1. General: Formal complaint, disapproval, or dissent by an interested party.
2. Documentary credit: Formal statement by a notary public that a negotiable instrument (such as a bill of exchange) has been dishonored by non-acceptance or non-payment. This statement is addressed to all parties to the instrument, and serves as the basis for initiating legal proceeding against the offender.
3. Law: Assertion by a party that its specified action should not carry an unintended implication. For example, a buyer may dispute an invoice but still pays it in full 'under protest,' thus it reserves the right to recover the payment if the protest is upheld.


Email Print Embed


Mentioned in These Terms