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LSDefine

Simple English definitions for legal terms

certificate of dishonor

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A quick definition of certificate of dishonor:

A certificate of dishonor is a notice given to the person who endorsed a check or other financial instrument that the payment has been refused. This notice is important because it is a condition of the endorser's responsibility to pay if the original payer cannot. It is also called a certificate of protest.

A more thorough explanation:

Definition: A certificate of dishonor is a notice given to the indorser of a financial instrument, such as a check or promissory note, that the payment or acceptance of the instrument has been refused. This notice is a requirement for the indorser's secondary liability.

Example: If John writes a check to Jane, and Jane tries to cash it but the bank refuses to honor it due to insufficient funds, the bank will issue a certificate of dishonor to Jane. This notice informs Jane that the check was not accepted and that she may have to seek payment from John.

Explanation: The certificate of dishonor is an important legal document that protects the rights of the parties involved in a financial transaction. It notifies the indorser that they may be held liable for the payment of the instrument and gives them the opportunity to take action to protect themselves. In the example given, Jane can use the certificate of dishonor to demand payment from John or take legal action if necessary.

certificate of discharge | certificate of dissolution

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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