presentment for payment

Production of an instrument to the drawee, acceptor, or maker for payment.

• This type of presentment must be made on the date when the instrument is due. [Cases: Bills and Notes 399. C.J.S. Bills and Notes; Letters of Credit § 205.]

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。