FindLaw Legal Dictionary
The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
term:
Honor
-
honor vt
-
hon·ored
hon·or·ing
1 : to accept and pay [the bank ed the check]
2 : to purchase or discount (a draft) in compliance with a letter of credit
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.