Holder (law)
From Wikipedia, the free encyclopedia
Holder is a term used to any person who has a promissory note or bill of exchange in their possession.[1] The holder may be the payee, endorsee, or bearer.[1] The holder can enforce, or seek payment for, the bill.[2]
A holder for value is a holder who has given value for an instrument.[2] A holder in due course can disregard the claims of prior holders, or any defects in title of the transferrer or negotiator of the bill.[2][1]
References
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