b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain Presentation historic definition...
Presentation -- In financial and commercial usage preference
is given to the word presentation over presentment as
employed in connection with negotiable instruments, such as
bills of exchange (drafts) and promissory notes. For instance,
it is customary in financial and commercial phraseology
to say "on presentation" (for acceptance or payment) instead
of "on presentment." In legal usage preference is given
to the word presentment.
About the author
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. |