Dishonor

(redirected from dishonoring)
Also found in: Dictionary, Thesaurus, Legal.

Dishonor

A refusal to pay.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Dishonor

To refuse payment on a check, receipt, or some other document demanding payment. One usually dishonors a document if there is something irregular about it, such as a check drawn with insufficient funds. See also: Honor.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
While there is a limited fraud exception to this rule, the issuing bank will not find it easy to invoke fraud as a ground for dishonoring a letter of credit draw, as Concord had discovered.
The beneficiary cannot rely on an issuing bank's error in untimely or improperly dishonoring a letter of credit draw or disposing of documents presented by the beneficiary as justification for relieving the beneficiary of the consequences of submitting nonconforming documents.