holder in due course
- Broadly, a bona fide holder for value without notice. 11 Am J2d B & N § 397. A holder of a negotiable instrument or document of title who has taken the instrument under the following conditions: that it is complete and regular upon its face; that he became the holder of it before it was overdue, and without notice that it had previously been dishonored, if such was the fact; that he took it in good faith and for value; that at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it. Uniform Negotiable Instruments L § 52. A holder who takes a negotiable instrument, document of title, or an investment security, for value, in good faith, and without notice that it is overdue or has been dishonored or of any defense against of claim to it on the part of any person. UCC § 3-305; 11 Am J2d B & N § 397.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
holder in due course — holder in due course: the holder of a negotiable instrument that is complete and regular on its face and that is taken in good faith and for value without notice that it is overdue or has been dishonored or that there is any defense against it or … Law dictionary
Holder in due course — Holder in due course, or (HDC) is a term used in law to refer to an innocent party who purchases a negotiable instrument for value without any apparent defect in the instrument nor any notice of dishonor. (Black s Law Dictionary 2nd Pocket ed.… … Wikipedia
holder in due course — In commercial law, a holder of an instrument who took it for value, in good faith and without notice of any claim or defense against it, U.C.C. No. 3 302(1), and who can enforce the instrument free from all claims and personal defenses. U.C.C. No … Black's law dictionary
holder in due course — the holder of a negotiable instrument that is complete and regular on its face who takes it in good faith and for value before it is overdue and without notice of its dishonor or of any infirmity in it or of any defect in the title of the person… … Useful english dictionary
holder in due course — Date: 1882 one other than the original recipient who holds a legally effective negotiable instrument (as a promissory note) and who has a right to collect from and no responsibility toward the issuer … New Collegiate Dictionary
holder in due course — a person who has received a negotiable instrument in good faith and without notice that it is overdue, that there is any prior claim, or that there is a defect in the title of the person who negotiated it. [1890 95] * * * … Universalium
holder in due course — person that holds a promissory note that was legally transferred to him … English contemporary dictionary
holder in due course — /ˌhəυldə ɪn dju: kɔ:s/ noun a person who holds a negotiable instrument, such as a bill of exchange, in good faith, without knowing of any other claim against it … Dictionary of banking and finance
due course — See holder in due course. Collins dictionary of law. W. J. Stewart. 2001 … Law dictionary
due course holder — See holder in due course … Black's law dictionary