- payment of honor
- : payment of a protested bill or draft by someone other than the primary debtor made with the purpose of saving the credit of such debtor
Useful english dictionary. 2012.
payment of honor
Look at other dictionaries:
payment for honor — A former practice of the commercial world, sometimes known as payment supra protest, now obsolete because of existing facilities for quick communication, whereunder, a bill of exchange or promissory note having been protested for nonpayment, a… … Ballentine's law dictionary
honor — Verb: To pay or to accept and pay. UCC § 1 201(21). Noun: Adherence to right principles of conduct; integrity. Respect accorded another. A seigniory consisting of an aggregation of manors held under one lord paramount was so called, especially if … Ballentine's law dictionary
payment supra protest — Same as payment for honor … Ballentine's law dictionary
honor — hon·or vt hon·ored, hon·or·ing 1: to accept and pay the bank honor ed the check 2: to purchase or discount (a draft) in compliance with a letter of credit Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Honor system — An honor system or honesty system is a philosophical way of running a variety of endeavors based on trust, honor, and honesty. Something that operates under the rule of the honor system is usually something that does not have strictly enforced… … Wikipedia
honor — I. noun Etymology: Middle English, from Anglo French onur, honur, from Latin honos, honor Date: 13th century 1. a. good name or public esteem ; reputation b. a showing of usually merited respect ; recognition < pay honor to our founder > … New Collegiate Dictionary
Payment — (Roget s Thesaurus) < N PARAG:Payment >N GRP: N 1 Sgm: N 1 payment payment defrayment Sgm: N 1 discharge discharge Sgm: N 1 acquittance acquittance quittance Sgm: N 1 settlement settlement clearance liquidation … English dictionary for students
honor system — noun A system, policy or understanding based on trust in the honesty, honor, or integrity of others. Our local beekeeper leaves jars of honey for sale in his driveway. Theres a coffee can for the money, and payment is on the honor system … Wiktionary
act of honor — an acceptance or payment for honor of a protested bill of exchange; also : the instrument reciting such protest and acceptance or payment … Useful english dictionary
Malaysian Electronic Payment System — Industry Finance Founded December, 1996 Headquarters Kuala Lumpur, Malaysia … Wikipedia
