When a negotiable instrument such as a check, a money order or a traveler’s check is presented for a payment and payment is denied, the instrument is said to be dishonored. The holder of the dishonored instrument may then ask a notary’s written statement that, upon presentment, a negotiable instrument was neither paid or accepted.
This is commonly requested by banks or financial institutions.
When a negotiable instrument such as a check, a money order or a traveler’s check is presented for a payment and payment is denied, the instrument is said to be dishonored. The holder of the dishonored instrument may then ask a notary’s written statement that, upon presentment, a negotiable instrument was neither paid or accepted.
This is commonly requested by banks or financial institutions.