Acceptor For Honour - Definition - Law Dictionary Home Dictionary Definition acceptor-for-honour

Definition :

Acceptor for honour, When the bill of exchange has been noted or protested for non-acceptance or for better security, and any person accepts it supra protest for honour of the drawer or of any one of the indorsers, such person is called an 'acceptor for honour'. [Negotiable Instruments Act, 26 of 1881, s. 7)