Holder In Due Course Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Holder In Due Course, written in plain English, along with examples of how it is used.
What is Holder In Due Course?
(n) Holder In Due Course is the person holding a property or instrument or right without being the actual owner or right holder of such property in the process of conveyance of them to the correct owner. Eg. A finder of loss property is a holder in due course until he find the real owner and handover the property to him