Definition of Acceptance supra protest

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TeachMeFinance.com - explain Acceptance supra protest




historic definition...

Acceptance supra protest -- Acceptance after protest ; acceptance by a party other than the drawee (the one drawn upon) of a bill (draft) which has not been honored by the drawee and has been protested. The purpose is to save the honor (credit) of the drawer, who is looked to protect the acceptor.


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