Question

what does honoured our own acceptance by cheque mean

Answer 1

Here is your answer
Honored our own acceptance by cheque" – is a phrase used in banking and accountancy. It means that a bill that was exchanged and acceptedpreviously by the firm, group, organization or individual has beenhonored i.e. the payment has been made by means of a cheque.

Hope it helps you.

Answer 2

This type of phrase is usually preferred in accountancy and banking. Honoured our own acceptance indicates the payment made against the cheque which businessman provided.

For instance, if you provide a cheque to someone and when the amount got reduced from the bank account then the cheque is known to be highly honoured.