holder in due course


noun

a person who has received a negotiable instrument in good faith and without notice that it is overdue, that there is any prior claim, or that there is a defect in the title of the person who negotiated it.

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Origin of holder in due course

First recorded in 1890–95

Words nearby holder in due course

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021