honor

v. To accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity and according to its tenor. To pay or to accept and pay, or where a credit so engages to purchase or discount a draft complying with the terms of the draft. U.C.C. No. 1-201(21).

See also dishonor

n. In old English law, a seigniory of several manors held under one baron or lord paramount. Also those dignities or privileges, degrees of nobility, knighthood, and other titles, which flow from the crown as the fountain of honor. In America, the customary title of courtesy given to judges, and occasionally to some other officers; as, "his honor," "your honor," "honorable".

@ act of honor

When a bill has been protested, and a third person wishes to take it up, or accept it, for the "honor" (credit) of one or more of the parties, the notary draws up an instrument, evidencing the transaction, which is called by this name. Such acts of honor have been eliminated by the U.C.C.

@ honor courts

In old English law, tribunals held within honors or seigniories. Office of honor. As used in constitutional and statutory provisions, this term denotes a public office of considerable dignity and importance, to which important public trusts or interests are confided, but which is not compensated by any salary or fees, being thus contrasted with an "office of profit."

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