wrongful dishonor

noun

: a wrongful refusal by a payor bank to honor an item that is properly payable
a payor bank is liable to its customer for damages proximately caused by the wrongful dishonor of an itemUniform Commercial Code

Dictionary Entries Near wrongful dishonor

Cite this Entry

“Wrongful dishonor.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/wrongful%20dishonor. Accessed 19 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!