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. Bills and Notes; Letters of Credit §§ 97, 210, 212, 257.]

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词条贡献者

译者Lorna，毕业于国内一流的法学院，擅长翻译各种与商业秘密相关的法律文件。