Presentment for Acceptance Law and Legal Definition
Presentment for acceptance refers to presenting of a bill of exchange to the drawee named in the bill of exchange for his acceptance and agreement to pay the bill, usually at some time in the future. It is an act which amounts to a notification of the holding of a bill of exchange with a request to accept, accompanied by the bill.
Where the acceptance of the bill is in writing, the words, "accepted," "seen," "presented," written on the bill, or on any other paper relating to the transaction, will amount to an acceptance of the bill. [30 N.H. 256, 266 (N.H. 1855)].
