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TeachMeFinance.com - explain Noting a bill historic definition... Noting a bill -- When a bill (draft or promissory note) has been presented for acceptance or payment and has been dishonored a note to that effect is indorsed on the bill, after which it may be formally protested. When a bill has been noted the protest may (in New York state) be extended as of (back to) the day of noting. The protest should be commenced on the day on which acceptance or payment is refused, but it may be drawn up and completed at any time before the commencement of suit or even before or during trial and be antedated accordingly. 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.