MLchartDataset catalogue

Presentment

Term · Law · MLC-T-LAW-003871

The formal exhibition of a document, such as a bill of exchange or promissory note, for acceptance or payment. It is a demand for payment or acceptance made by the holder of a negotiable instrument to the drawee or maker. Failure to make proper presentment can discharge secondary parties from liability on the instrument under the Uniform Commercial Code.

Table 1. Record
IdentifierMLC-T-LAW-003871
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003871",
  "term": "Presentment",
  "field": "Law",
  "definition": "The formal exhibition of a document, such as a bill of exchange or promissory note, for acceptance or payment. It is a demand for payment or acceptance made by the holder of a negotiable instrument to the drawee or maker. Failure to make proper presentment can discharge secondary parties from liability on the instrument under the Uniform Commercial Code.",
  "url": "https://mlchart.com/terminology/law/presentment/"
}

Record 3,901 of 5,441 in Law terminology (MLC-0107). Request the full dataset.