holder


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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 periodicals archive ?
We're the only ones in the yearbook with leather jackets on in our senior pictures,'' he said, gesturing to Holder.
3 seconds and the snap is slow and off-target, a lot of pressure will be placed on the holder to get it down in time.
Holder echoed a recent distribution theme, "The warehouse is in the pipeline.
In the preamble to the proposed regulations, Treasury and the IRS provided that on exercise of an option, the option holder may be viewed as contributing property in the form of the option premium, the exercise price and the option privilege to the partnership in exchange for the partnership interest.
Initiating community education programs, formal amnesty programs, and informal outreach programs to encourage voluntary holder compliance.
Holder recalls that, when he came to the United States in 1953 from Port-of-Spain in order to sell his paintings, he could not afford eating in restaurants; he had to eat at home.
is something that the copyright holder might not want you to use.
Mandating such a mailing to holders of the approximately 250 million consumer accounts (including certificates of deposit, savings, negotiable order of withdrawal [NOW], checking, and other accounts) would impose significant printing and mailing costs.
Distributions from the remaining 214,544 shares of common stock reserved for issuance to holders of allowed general unsecured claims by the Plan will take place on a periodic basis.
The holder may convert the bond at any time into a set number of shares of common stock, which on the issue date had a FMV significantly less than the bond's issue price.
That means your holder has to be a person who can maintain his cool under any and all conditions--but especially when the kick means the ball game and it is snowy, rainy, or windy.
The 41-year-old Holder balances his zeal for dry flies and cutthroat trout with his job as operating manager of aircraft maintenance services for United Airlines-Los Angeles.