holder in due course


holder in due course

Definition of HOLDER IN DUE COURSE

:  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

First Known Use of HOLDER IN DUE COURSE

1882

Browse

Next Word in the Dictionary: holder–on
Previous Word in the Dictionary: holder–forth
All Words Near: holder in due course

Seen & Heard

What made you want to look up holder in due course? Please tell us where you read or heard it (including the quote, if possible).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More