Define: Acceptance Supra Protest

UK Accounting Glossary

Definition: Acceptance Supra Protest


Quick Summary of Acceptance Supra Protest


In contracts, is a third person, who, after protest for non-acceptance by the drawee, accepts the bill for the honour of the drawer, or of the particular endorser.



What is the dictionary definition of Acceptance Supra Protest?

Dictionary Definition


The acceptance or payment of a bill of exchange, after it has been dishonoured, by a person wishing to save the honour of the drawer or an endorser of the bill.


Advertisement



Full Definition of Acceptance Supra Protest


A situation in which a third party (such as a bank) makes payment on a bill of exchange that a buyer did not pay, either because the buyer refused to accept delivery (usually due to lack of quality) or simply because he/she refused to pay. It is also called acceptance for honour.


Advertisement



Acceptance Supra Protest FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/acceptance-supra-protest/
Modern Language Association (MLA):
Acceptance Supra Protest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/acceptance-supra-protest/.
Chicago Manual of Style (CMS):
Acceptance Supra Protest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/acceptance-supra-protest/ (accessed: September 17, 2019).
American Psychological Association (APA):
Acceptance Supra Protest. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/acceptance-supra-protest/

Definition Sources


Definitions for Acceptance Supra Protest are sourced/syndicated from:


This glossary post was last updated: 27th January 2019.