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Dictionary definition: acceptance supra protest
- Article from:
- A Dictionary of Law
- Author:
Copyright© A Dictionary of Law 2002, originally published by Oxford University Press 2002. (Hide copyright information)
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acceptance supra protest (
acceptance for honour
)
A form of
acceptance of a bill
of exchange to save the good name of the drawer or an endorser. If a bill of exchange has been either the subject of a
protest
for dishonour by nonacceptance or protested for better security, and it is not overdue, any person who is not already liable on the bill may, with the consent of the holder, accept the bill
supra protest
. Such an acceptance ...