An acceptance or undertaking not by a party to the instrument, but by a third party, for the purpose of protecting the honor or credit of one of the parties, by which the third party agrees to pay the debt when it becomes due if the original drawee does not.
• This type of acceptance inures to the benefit of all successors to the party for whose benefit it is made.
— Also termed acceptance supra protest; acceptance for honor supra protest. [Cases: Bills and Notes 71. C.J.S. Bills and Notes; Letters of Credit § 37.]
双语律师Natalie，毕业于法国一流的高级翻译学院，擅长翻译各类与
监管与政府事务相关的法律文件。
