1) A demand for payment of a promissory note when it is due. The Uniform Commercial Code § 3-501 defines Presentment as: “a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a draft made to the drawee.”
2) A formal written accusation to a court by a grand jury, made on its own initiative without a request or presentation of evidence by the local prosecutor. For example, in the 2013 Florida case State v. Womack, the District Court of Appeal held that each comment made by the grand jury in a presentment, which alleged wrongdoing by public officials, with a factual foundation that was germane to the scope of the inquiry was necessarily proper and in turn could not be repressed or expunged.
[Last updated in November of 2020 by the Wex Definitions Team]