15:24
ok thanks! appreciate the insight
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LSDefine
Simple English definitions for legal terms
presentment
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A quick definition of presentment:
Presentment: Presentment is a demand for payment of a promissory note when it is due. This means that if someone owes you money and they haven't paid you back by the agreed upon date, you can make a formal request for payment. It can also refer to a written accusation made by a grand jury to a court without being asked by a prosecutor. This is when a group of people think that someone has done something wrong and they want to tell the court about it.
A more thorough explanation:
Definition: Presentment refers to two different things:
- A demand for payment of a promissory note when it is due. This means that the person who is owed money asks the person who owes them money to pay up.
- A formal written accusation to a court by a grand jury, made on its own initiative without a request or presentation of evidence by the local prosecutor. This means that a group of people (the grand jury) accuses someone of doing something wrong, without being asked to do so by a prosecutor.
Example 1: If you borrow money from a bank and promise to pay it back by a certain date, the bank can make a presentment by demanding that you pay the money back on that date.
Example 2: In a famous case in Florida, a grand jury made a presentment accusing public officials of wrongdoing. The grand jury did this on its own, without being asked to do so by a prosecutor.
Explanation: In both examples, presentment refers to a demand or accusation being made. In the first example, the demand is for payment of a debt. In the second example, the accusation is of wrongdoing. In both cases, the person or group making the presentment is asserting their rights or making a claim.
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