presentment – the formal production of a negotiable instrument as a demand to “accept” or “pay” to the payor by or on behalf of the holder

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1. The formal production of a negotiable instrument for acceptance or payment; especially, a demand for acceptance or payment made on the maker, acceptor, drawee, or other payor by or on behalf of the holder. — aka (in sense 3) presentation. [1]

1. A demand to accept (presentment for acceptance) or to pay (presentment for payment) a negotiable instrument, made to the drawee by a person, usually the payee or holder, entitled to enforce the instrument. [2]

     Excerpt from James J. White & Robert S. Summers’ Uniform Commercial Code (4th ed. 1995):

     “Presentment and dishonor occur, for instance, when the holder of a check attempts to cash it at the drawee bank, but payment is refused because the drawer lacks sufficient funds on deposit.  The demand for payment is presentment.  The bank’s refusal to pay is dishonor. [3]

presentment for acceptance – production of a negotiable instrument, to the drawee, acceptor, or maker, for his acceptance and agreement to pay the bill, usually at some time in the future.

presentment for payment –  production of a negotiable instrument, by the holder, to the drawee, acceptor, or maker, on or after the date the instrument matures, to demand payment.


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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[3]: 2 James J. White & Robert S. Summers, Uniform Commercial Code 5 16-8, at 100 (4th ed. 1995).

[4]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931


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