Law Dictionary

holder for value

  1. :  a holder to whom an instrument is issued or transferred in exchange for something of value (as a promise of performance, a security interest or lien in the instrument not obtained by judicial process, payment of or use of the instrument as security for a claim against another person, a negotiable instrument, or the incurring of an irrevocable obligation to a third party)

Seen and Heard

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


a trip made at another's expense

Get Word of the Day daily email!