an acceptance or a payment of a bill by a third person after protest for nonacceptance or nonpayment by the drawee.

What is the meaning of Supra protest?

The acceptance or payment of a bill of exchange, after it has been dishonoured, by a person wishing to save the honour of the drawer or an endorser of the bill. From: acceptance supra protest in A Dictionary of Business and Management »

What is protesting a bill?

When a promissory note or bill of exchange has been dishonoured by non-acceptance or non-payment, the holder may, within a reasonable time, cause such dishonour to be noted and certified by a notary public. Such certificate is called a protest. ... Such certificate is called a protest for better security.