What is DISHONOR?

In mercantile law and usage. To refuse or decline to accept a bill ofexchange, or to refuse or neglect to pay a bill or note at maturity. Shelton v. Braithwaite,7 Mees. & W. 430; Brewster v. Arnold, 1 Wis. 270.A negotiable instrument is dishonored when it is either not paid or not accepted, accordingto its tenor, on presentment for that purpose, or without presentment, wherethat is excused. Civ. Code Cal.

More On This Topic



Link to This Definition
Did you find this definition of DISHONOR helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary