No protest. A draft or a promissory note so marked is not to be protested, or in other words, is
not to go to protest if not paid; a draft or a promissory note so marked is not subject to the protest
fee charged by the bank or other agent entrusted with its collection. An indorsed draft or
promissory note is sometimes marked "No protest" so that demand shall not be made upon the
indorser for the payment of it.