Nonpresentment

Translation of "nonpresentment" into Russian

Noun

nonpresentment

The nonpresentment of the check led to a delay in payment.

Непредъявление чека привело к задержке в оплате.

Noun

The act of not presenting something, especially a financial instrument like a check, for payment or acceptance.

The nonpresentment of the check led to a delay in the payment process.

Failure to present a negotiable instrument for acceptance or payment within the time required by law or regulation.

Under the UCC, nonpresentment within the specified period can discharge the drawer from liability.

Adjective

Relating to or involving the failure to present a required document or financial instrument for acceptance or payment.

The bank imposed a nonpresentment fee on the account.