8:34
hopefully that didn’t cost you any money
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LSDefine
Simple English definitions for legal terms
presentation
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A quick definition of presentation:
Presentation refers to the act of giving a document to someone so that they can take action on it. For example, when someone gives a letter of credit to a bank, they are making a presentation. In the past, presentation was also used in the church to describe the process of nominating someone to fill a vacant position. This was called a next presentation.
A more thorough explanation:
Definition: Presentation refers to the act of delivering a document to a specific person or organization to initiate a particular action. It can also refer to the nomination of a person to fill a vacant benefice in the law of advowsons.
- When a letter of credit is issued, the beneficiary may present the required documents to the issuing bank to initiate payment.
- In the law of advowsons, the right to present a clerk to fill the first vacancy that arises in a church or other ecclesiastical office is known as the next presentation.
The first example illustrates how presentation is used in the context of banking and finance. The beneficiary presents the required documents to the issuing bank to initiate payment under a letter of credit. The second example illustrates how presentation is used in the context of ecclesiastical law. The right to present a clerk to fill a vacant benefice is known as the next presentation.