Search Results for: NOTICE OF PROTEST

notice of protest

notice of protest. 1. A statement, given usu. by a notary public to a drawer or indorser of a negotiable instrument, that the instrument was neither paid nor accepted; information provided to the drawer or indorser that protest was made for nonacceptance or nonpayment of a note or bill. See PROTEST(2). [Cases: Bills and Notes

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notice of dishonor

notice of dishonor. Notice to the indorser of an instrument that acceptance or payment has been refused. • This notice — along with presentment and actual dishonor — is a condition of an indorser’s secondary liability. UCC § 3-503. — Also termed certificate of protest; certificate of dishonor. [Cases: Bills and Notes 393, 411. C.J.S.

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protest certificate

protest certificate. A notarial certificate declaring (1) that a holder in due course has recruited the notary public to present a previously refused or dishonored negotiable instrument, (2) that the notary has presented the instrument to the person responsible for payment or acceptance (the drawee), (3) that the instrument was presented at a given time

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protest

protest, n. 1. A formal statement or action expressing dissent or disapproval. • Under some circumstances, a protest is lodged to preserve a claim or right. 2. A notary public’s written statement that, upon presentment, a negotiable instrument was neither paid nor accepted. — Also termed initial protest; noting protest. Cf. NOTICE OF DISHONOR. [Cases:

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