Get 5 Ways To Respond To A Presentment Or Draft

Presentment: The written notice taken by a grand jury of any offence, from their own knowledge or observation, without any bill of indictment laid before them at the suit of the government upon such presentment, when 'proper, the officer emloyed to prosecute, afterwards frames a till of indictment, which is then sent ...

Presentment for acceptance or payment may be made to the duly authorised agent of the drawee, maker or acceptor, as the case may be, or, where the drawee, maker or acceptor has died, to his legal representative, or, where he has been declared an insolvent, to his assignee.

By any commercially reasonable means. Through a clearinghouse procedure. At a place designated in the instrument. By any commercially reasonable means, through a clearinghouse procedure, or at a place designated in the instrument.

presentment n 1 : the act of presenting to an authority a formal statement of a matter to be dealt with. ;specif. : the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of their own knowledge without a bill of indictment laid before them.

(2) Upon demand of the person to whom presentment is made, the person making presentment must (i) exhibit the instrument, (ii) give reasonable identification and, if presentment is made on behalf of another person, reasonable evidence of authority to do so, and (iii) sign a receipt on the instrument for any payment ...

The Uniform Commercial Code § 3-501 defines Presentment as: “a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a ...

pre·​sent·​ment pri-ˈzent-mənt. 1. : the act of presenting to an authority a formal statement of a matter to be dealt with. specifically : the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of their own knowledge without a bill of indictment laid before them.

There are two legal definitions of the term presentment, although they both essentially mean "formal presentation." A grand jury's presentment is done before a trial begins, and it represents an official accusation. Another kind of presentment is a legal demand for repayment.