act of honor

act of honor. Commercial law. A transaction, memorialized in an instrument prepared by a notary public, evi-dencing a third person’s agreement to accept, for the credit of one or more of the parties, a bill that has been protested. • The UCC eliminated this type of transaction.

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词条贡献者

译者Gary，毕业于国内一流的翻译学院，擅长翻译各种与合规与风控相关的法律文件。