Which term best describes a formal written statement by a notary, under seal, that a bill or note was presented and dishonored?

AI Explanation

A protest is a commercial-paper concept. The booklet defines “Protest” as a formal statement in writing by a notary public, under seal, that a certain bill of exchange or promissory note was presented and payment or acceptance was refused. In practice, protest should not be confused with an acknowledgment or jurat.