Supra Protest - Definition - Law Dictionary Home Dictionary Definition supra-protest

Definition :

Supra protest, after 'protest' (se PROTEST). There may be either acceptance or payment of a bill of exchange by a person other than the drawee or acceptor or other person liable, after it has been protested for non-acceptance or non-payment. The full term is 'acceptance (or payment) supra protest for honour,' i.e., for the honour or in relief of the person liable. The rights and liabilities o the parties are regulated by the Bills of Exchange Act, 1882, ss. 65-68; and see Byles on Bills, chs. 20, 21.