Presentment Legal Meaning and Definition

Here is a simplified definition of the legal term Presentment.

Presentment (noun)

1. The act of demanding payment on a financial document, such as a check or promissory note, when it becomes due and payable.

2. A written statement by a grand jury declaring that a crime has been committed. This action can be targeted at public officials or matters adversely affecting public welfare. It is the grand jury's independent decision, not prompted by a prosecutor's request for evidence.