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

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 ?
PS10, www.oliverbonas.com VERA WANG LOVE ALWAYS RING HOLDER: This elegant silver-plated design is the perfect piece to display in a bedroom.
This credit facility will be provided on a super senior loan basis, which implies that the bonds will rank second to the credit facility and the provision of the credit facility requires approval by the holders with a 2/3 voting majority (only amongst the holders participating in such holder voting).
- 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable December 31, 2018, to holders of record on December 21, 2018.
The chief minister distributed cash prizes of Rs927 million to 145 position holders and 36,157 A-1 graders of all groups of matriculation and intermediate examinations of all educational boards.
The ceremony was attended by Minister Education Jam Mehtab Dahar, Additional Chief Secretary (UandB) Mohammad Hussain Syed, Secretary Colleges Pervez Sehar, chairmen of all the educational boards, educationists and parents of the position holders
-- 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable May 15, 2018, to holders of record on May 4, 2018.
"These beverage holders are a great alternative to any table, ledge, or chair cup holder you currently use," said Kevin Provagna, owner of Ohio Outdoor Creations.
LAHORE -- Position holder students of Sindh, Khyber Pakhtunkhawa, Balochistan, Punjab province and Federal Board thanked Punjab Chief Minister Muhammad Shahbaz Sharif for providing opportunity of a study tour to Europe.
With the discovery of North Sea gas, the gas holders increasingly became redundant and were eventually phased out as new gas pipelines were laid to supply gas to homes.
States looking for revenue are enforcing unclaimed property laws, just as they are looking for more tax revenue, and holders of unclaimed property that fail to comply with reporting requirements may be subject to a variety of harsh penalties.
(PPI) has denied allegations that plan holders were finding it difficult to get payments.