Home > Term: acceptance for honor
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.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: General accounting
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- anton.chausovskyy
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