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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


a payee or indorsee in possession ofa bill of exchange or promissory note.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
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Holder, no relation to his namesake, former Attorney General Eric Holder, was arrested at the 9900 block of Artesia Boulevard, Los Angeles, said the LAPD.
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He said this while speaking at a ceremony to distribute cash prizes to position holders of all educational boards here at the Banquet Hall of the CM House on Tuesday.
The outdoor beverage holders come in a few different styles: standard ones that hold cans, cups, and mugs; premium that holds cups, cans, and bottles, and wine holders, for martini and wine glasses and bottles.
A position holder student from Sindh province, Dilvair Singh said that provision of opportunity of a study tour to position holder students from all over the country without any discrimination reflects great educational vision of Shahbaz Sharif.
Holder's citation for contempt stemmed from his failure to provide emails and other documents to a House committee investigating the Fast and Furious operation, an attempt to sting Mexican drug cartels by tracing guns secretly provided by the U.S.
For around 100 years the holder was a vital part of the local gas supply system, responsible for supplying gas to thousands of residents in the area.
States that do not offer formal VDPs often enter reasonable agreements with holders to bring them into compliance, provided the holder contacts the state prior to any communication from the state.
"Holder substitutes his political judgment for his legal judgment, and his political judgment isn't very good" is the way one White House official put it to a prominent Washington lawyer recently.
The first prize of a 42" LED-LCD TV was won by the holder of coupon number 33147.
Therefore, the tool has been regarded as the company's another promising product following its hot-seller Surfix AutoLock Bit Holder.