Acceptance Supra Protest

(redirected from Acceptance for Honor)

Acceptance Supra Protest

A situation in which a third party (such as a bank) makes payment on a bill of exchange that a buyer did not pay, either because the buyer refused to accept delivery (usually for lack of quality) or simply because he/she refused to pay. It is also called acceptance for honor. See also: Dishonor by Nonpayment, Dishonor by Non-Acceptance.
Full browser ?