acceptance upon honor

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• acceptance of bill of exchange — The drawee s signed engagement to honor the bill as presented; the signification by the drawee of his assent to the order of the drawer and his agreement to pay the bill when it falls due. 11 Am J2d B & N § 500. The contract of the acceptor, by… …   Ballentine's law dictionary

• conditional acceptance — An acceptance of a bill of exchange containing some qualification, limitation, or condition, different from what is expressed on the face of the bill, or from what the law implies, upon a general acceptance. Todd v Bank of Kentucky, 66 Ky (3… …   Ballentine's law dictionary

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