Definition of presentment
1 : the act of presenting to an authority a formal statement of a matter to be dealt with; specifically : the notice taken or statement made by a grand jury of an offense from their own knowledge without a bill of indictment laid before them
2 : the act of offering at the proper time and place a document (such as a bill of exchange) that calls for acceptance or payment by another
3a : the act of presenting to view or consciousnessb : something set forth, presented, or exhibitedc : the aspect in which something is presented
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CheckFree actually brought a presentment service, called E-Bill, out of the pilot phase and onto the market in March 1997.
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First Known Use of presentment
15th century
Law Dictionary
presentment
playLegal Definition of presentment
1 : the act of presenting to an authority a formal statement of a matter to be dealt with; specifically : 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
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