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.

Nearby words

  1. holdall,
  2. holdback,
  3. holddown,
  4. holden,
  5. holder,
  6. holdfast,
  7. holding,
  8. holding company,
  9. holding furnace,
  10. holding operation

Origin of holder in due course

First recorded in 1890–95

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019