Acceptance supra protest is a legal term that is commonly used in international trade and commerce. It is a type of acceptance that is made by a party to a bill of exchange or promissory note, which is made after the protest has been made. In this article, we will discuss the definition, origin, and meaning of acceptance supra protest.
Definitions
Acceptance supra protest is defined as an acceptance that is made after the protest has been made. It is a type of acceptance that is made by the drawer or the endorser of a bill of exchange or promissory note. This type of acceptance is made when the drawee refuses to accept the bill or note, and the holder of the bill or note decides to protest it.
Origin
The origin of acceptance supra protest can be traced back to the medieval period when international trade was becoming more common. Merchants and traders needed a way to ensure that they would receive payment for their goods and services. Bills of exchange and promissory notes were created to facilitate this process. Over time, the use of these instruments became more widespread, and the need for a legal framework to govern their use became apparent.
Meaning in different dictionaries
According to the Oxford English Dictionary, acceptance supra protest is “an acceptance of a bill of exchange or promissory note made by the drawer or endorser after it has been protested for non-acceptance by the drawee.”
The Merriam-Webster Dictionary defines acceptance supra protest as “an acceptance of a bill of exchange or promissory note after it has been protested for non-acceptance by the drawee.”
Associations
Acceptance supra protest is closely associated with international trade and commerce. It is a legal term that is used to describe a specific type of acceptance made by parties to bills of exchange and promissory notes.
Synonyms
Some synonyms of acceptance supra protest include:
- Acceptance for honor.
- Supra protest acceptance.
- Acceptance ex improviso.
- Acceptance ex post facto.
Antonyms
There are no direct antonyms of acceptance supra protest, but some related terms include:
- Non-acceptance.
- Protest.
- Dishonor.
The same root words
The root words of acceptance supra protest are:
Example Sentences
- The endorser made an acceptance supra protest after the drawee refused to accept the bill of exchange.
- The holder of the promissory note decided to protest it, but the endorser made an acceptance supra protest.
- The acceptance supra protest was made by the drawer of the bill of exchange after the drawee refused to accept it.
Acceptance supra protest is an important legal term that is used in international trade and commerce. It is a type of acceptance made by the drawer or endorser of a bill of exchange or promissory note after it has been protested for non-acceptance by the drawee. Understanding this term is essential for anyone involved in international trade and commerce.