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- A holder is a person who legally obtains a negotiable instrument, such as a cheque, bill of exchange, or promissory note, with his/her name entitled on the instrument, to receive payment from the parties liable1. A holder can be23:
- An owner: the holder of the copyright.
- A possessor or occupier: the holder of an Olympic record; the holder of a cabinet post.
- A party entitled to payment on a note or instrument: the mortgage holder; the holder of the bond.
- A person in possession of and legally entitled to receive payment of a bill, note, or check.
- Someone who officially owns something: an account / licence / passport holder.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Who is a holder? A holder is a person who legally obtains a negotiable instrument, such as a cheque, bill of exchange, or promissory note, with his/her name entitled on the instrument, to receive payment from the parties liable. The party that transfers the negotiable instrument should be legally capable.www.shiksha.com/online-courses/articles/differenc…One that holds, as: a. An owner: the holder of the copyright. b. A possessor or occupier: the holder of an Olympic record; the holder of a cabinet post. c. A party entitled to payment on a note or instrument: the mortgage holder; the holder of the bond.www.thefreedictionary.com/holder1 : a person that holds: such as a (1) : owner (2) : tenant b : a person in possession of and legally entitled to receive payment of a bill, note, or checkwww.merriam-webster.com/dictionary/holder - People also ask
At some point, the document is negotiated and used as a useful commercial tool. The holder is referred to as the assignee. They are in possession of the assignor's rights and liabilities. The holder is in a very important role. They are responsible for the document that is free of claims from other owners. In this role, … See more
The holder in due course is in a unique position with protection against others. In order to prevent this power from becoming abusive; they are still required to … See more
One of the requirements of the holder in due course is that the instrument must be taken for value. This means that the transfer of the document must have been for … See more
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