Dishonor
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
A term applied to the nonfulfillment of commercial engagements. To dishonor a bill of exchange, or a promissory note, is to refuse or neglect to pay it at maturity. The holder is bound to give notice to the parties to such instruments of its dishonor; and his laches will discharge the indorsers; Chit. Bills 250, 394; 1 Pars. N. & B. 506, 520.