dishonour - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “dishonour”

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dishonour

verb [T] UK ( US dishonor)
 
 
/dɪˈsɒnər/
BANKING if a bank dishonours a cheque, it refuses to pay it because there is not enough money in the account of the person who has written the cheque: The Bank of Australia reversed its decision to raise fees for dishonored checks.
FINANCE to refuse to accept or pay a bill of exchange
formal to refuse to do something that you previously agreed to do: The government has been accused of dishonouring its pledge to upgrade London's underground network.
(Definition of dishonour from the Cambridge Business English Dictionary © Cambridge University Press)
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