holder

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Related to holders: Cigarette holders, Holder's inequality

Holder

An individual who has lawfully received possession of a Commercial Paper, such as a check, and who is entitled to payment on such instrument.

A holder is distinguishable from a holder in due course since, in addition to possession of the instrument, the latter takes it for value, in Good Faith, and in the absence of any notice that there is any claim against it or that it is overdue or has been dishonored, which means that payment of it has been refused.

holder

n. a general term for anyone in possession of property, but usually referring to anyone holding a promissory note, check, bond or other paper, either handed to the holder (delivery) or signed over by endorsement, for which he/she/it is entitled to receive payment as stated in the document. (See: check, bill of exchange, promissory note, bona fide purchaser, endorsement, holder in due course)

holder

noun endorsee, individual in possession, keeper, owner, payee, person in possession, possessor, receiver, recipient
Associated concepts: bona fide holder, holder for value, holder in due course, holder in good faith, holder of a lien, joint holder, legal holder, license holder, negotiable instruuents, original holder, policyholder, property holder, stockholder
See also: bearer, catchall, coffer, depository, receiver, recipient, tenant

holder

a payee or indorsee in possession ofa bill of exchange or promissory note.

HOLDER. The holder of a bill of exchange is the person who is legally in the possession of it, either by endorsement or delivery, or both, and entitled to receive payment either from the drawee or acceptor, and is considered as an assignee. 4 Dall. 53. And one who endorses a promissory note for collection, as an agent, will be considered the holder for the purpose of transmitting notices. 2 Hall, R. 112; 6 How. U. S. 248; 20 John. 372. Vide Bill of Exchange.

References in classic literature ?
There are moments when speed alone can save love's season-ticket holder.
What with the shock and the loss of blood, I fainted, and should have drowned if Holder had not caught hold of me and paddled for the bank.
But he had to press the flare- holder to his breast with one arm, his fingers were damp and stiff, his hands trembled a little.
Their hands touched in the dark and she took the box while he held the paraffin soaked torch in its iron holder.
Powell inverted the holder, smothering the flame in the can, bringing about by the mere turn of his wrist the fall of darkness upon the poop.
Putting a cup before Anna, she took out a cigarette, and, fitting it into a silver holder, she lighted it.
Every visit began with that inquiry; he was insatiable of details; he was fascinated by the holder of a sceptre the shadow of which, stretching from the westward over the earth and over the seas, passed far beyond his own hand's-breadth of conquered land.
Tulliver's bed,--and propping the lid with the iron holder, without much noise.
Glegg had lifted out the parchments, and had fortunately drawn back a little, when the iron holder gave way, and the heavy lid fell with a loud bang that resounded over the house.
On the high school level, very few coaches know what the time requirements are and don't make much of an effort to coach snappers and holders.
A Day's Work recently designed and added single instrument holders for wheelchair trays to its line of music therapy products.
In general, they provide that, for purposes of revaluing the partners' capital accounts, the FMV of partnership property has to be adjusted to account for the difference between the FMV of any outstanding noncompensatory options and the consideration paid by the option holders to acquire such options.