Holder in Due Course

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An individual who takes a Commercial Paper for value, in Good Faith, with the belief that it is valid, with no knowledge of any defects.

The Uniform Commercial Code (UCC) defines a holder in due course as one who takes an instrument for value in good faith absent any notice that it is overdue, has been dishonored, or is subject to any defense against it or claim to it by any other person.

holder in due course n. one holding a check or promissory note, received for value (he/she paid for it), in good faith, and with no suspicion that it might be no good, claimed by another, overdue, or previously dishonored (a bank had refused to pay since the account was overdrawn). Such a holder is entitled to payment by the maker of the check or note. (See: bona fide purchaser)

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bona fide bona fide purchaser check commercial paper due good faith holder payment in due course			However, the right to "service" that mortgage--such as collecting payments and monitoring compliance with various mortgage requirements, or to be the holder in due course of the debt--can be freely passed around from one institution to another like the baton in a relay race. Preventing fraud at closing: there are some simple yet effective ... by Bailey, Adam Leitman / Mortgage Banking It covers instruments of property, including enforcement, transfer, and negotiation, warranty, restitution, claims, defenses to instruments, holder in due course, and check collection process. Payments Law by Legal Publisher 32) The Negotiable Instruments Law does not contain a term precisely comparable to that of a "holder in due course" as stated in the Uniform Commercial Code (UCC);(33) however, Articles 10, 12, and 13 appear to embody certain principles contained within the holder in due course doctrine. The P.R.C.'s negotiable instruments law: an instrument for ... by Sommers, Amy L.; Phillips, Kara L. / Houston Journal of International Law			hold the advantage hold the attention hold the chair hold the interest of hold the opinion hold the reins hold tight hold to blame hold together hold under duress hold up hold up one’s hand hold up to execration hold up to public ridicule hold up to reprobation hold up to ridicule hold up to scorn hold up to shame hold up to view hold upon the property of another hold with hold within bounds hold-over holdback holder Holder in Due Course holder of an estate by virtue of a lease holder of an office holder of the legal estate holdfast holding holding a low opinion of mankind holding ability holding action holding back holding by title Holding Company holding in constraint holding in custody holding in restraint holding legal rights conferred by another holding off Holding over holding power holding property holding public interest holding to a purpose holding together holding up well holdings holdover			Holden Sporting Car Club Victoria Inc. Holden, Edward Singleton Holden, Oliver Holden, William Woods Holden: The Video Game holdenite Holdenville High School holder holder holder holder holder holder holder bat Holder class Hölder class Holder condition Hölder condition Hölder conjugate Hölder conjugates Holder continuity Hölder continuity Holder continuous Hölder continuous Holder continuous function Holder down Holder down Holder down Holder down Holder Identification Number Holder in Due Course holder in due negotiation Holder inequality Hölder inequality Hölder norm holder of an estate by virtue of a lease holder of an office Holder of Record Holder of Record Holder of Record Holder of record date holder of the legal estate Holder space Hölder space Hölder summation Holder's inequality Hölder's inequality Holder's sum inequality Hölder's sum inequality Holder, Geoffrey Holder-forth Holderen Holderen Holderen Holderen Holderen Hölderlin Hölderlin, Friedrich Holderlin, Johann Christian Friedrich Hölderlin, Johann Christian Friedrich

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