单词 | presentment |
释义 | presentment presentment presentation. A BILL OF EXCHANGE must be duly pre- sented for payment; if it is not so presented, the drawer and indorsers will be discharged. Where a bill is not payable on demand, presentment must be made on the day it falls due; if it is payable on demand, it must be presented within a reasonable time. In the case of a bill payable after sight, presentment for acceptance (as opposed to payment) is necessary in order to fix its maturity date. |
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