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TeachMeFinance.com - explain No protest historic definition... No protest -- A draft or a promissory note so marked is not to be protested, or in other words, is not to go to protest if not paid ; a draft or a promissory note so marked is not subject to the protest fee charged by the bank or other agent entrusted with its collection. An indorsed draft or promissory note is sometimes marked "No protest" so that demand shall not be made upon the indorser for the payment of it. When a draft or a promissory note is received marked "No protest" and the instructions are to protest it if not paid the draft should be protested on the theory that to make a protest when not necessary is a less serious mistake than to omit a protest when one is necessary. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.