holder in good faith

One who has accepted a bill or note without notice that it is overdue or has been dishonored or of any defense to it or claim thereto on the part of any person. See bona fide holder; holder in due course.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • holder in good faith — One who takes property or an instrument without knowledge of any defect in its title …   Black's law dictionary

  • good faith — is an intangible and abstract quality with no technical meaning or statutory definition, and it encompasses, among other things, an honest belief, the absence of malice and the absence of design to defraud or to seek an unconscionable advantage,… …   Black's law dictionary

  • good faith holder — See holder in due course …   Ballentine's law dictionary

  • holder — hold·er n 1: a person that holds: as a: owner the holder of a patent often used in combination a stock holder b: one that holds or occupies the property of another by agree …   Law dictionary

  • 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 — 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 …   Ballentine'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 — 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 — 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 — /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

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