Definitions for "holder in due course"
An individual who acquires a negotiable instrument in good faith.
One who has acquired possession of a negotiable instrument through proper negotiation for value, in good faith, and without notice of any defenses to it.
A term that describes a person or other legal entity (such as a financial institution) that "holds" or owns a negotiable instrument (usually a check or promissory note) but is not the original payee of the instrument. As such, the "holder' may not be subject to some claims or defenses that might be raised against the original payee by the maker of the instrument (such as the borrower).
Keywords:  tph
H OE L D/ ER/ TPH/ TK AO U/ K O R S
a person who for a consideration becomes the possessor of a cheque if payable to the bearer before the amount becomes payable
The party that receives or acquires title to a cheque, bill of exchange or promissory note.
a person or entity who purchases a loan from the original lender or someone the original lender sold the loan to (subsequent holder)
Keywords:  company
Holding Company