TeachMeFinance.com - explain Presentation
Presentation -- In financial and commercial usage preference
is given to the word presentation over presentment as
employed in connection with negotiable instruments, such as
bills of exchange (drafts) and promissory notes. For instance,
it is customary in financial and commercial phraseology
to say "on presentation" (for acceptance or payment) instead
of "on presentment." In legal usage preference is given
to the word presentment.
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