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term:
Presentment
presentment n
1 : the act of presenting to an authority a formal statement of a matter to be dealt with
;specif
: the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of their own knowledge without a bill of indictment laid before them
2 : the act of producing or offering at the proper place and time a document (as a negotiable instrument) that calls for acceptance and payment by another
: a demand for payment of an instrument upon a party liable for payment on behalf of the holder
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.