bona fide holder

noun
bona fide hold·​er

Legal Definition of bona fide holder

: a holder of a negotiable instrument who acquired title to the instrument in the ordinary course of business for value before it became due and without knowledge of any defect in title — compare holder in due course

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Cite this Entry

“Bona fide holder.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/bona%20fide%20holder. Accessed 31 May. 2020.

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