bona fide holder

bona fide holder
bona fide hold·er n: a holder of a negotiable instrument who acquired title to the instrument in the ordinary course of business for value before it became due and without knowledge of any defect in title compare holder in due course

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • bona fide holder — See holder in due course …   Ballentine's law dictionary

  • bona fide holder — noun : a holder of negotiable paper who before it reached maturity acquired title in the ordinary course of business and without actual or constructive notice of any defect in title or of lack of consideration …   Useful english dictionary

  • bona fide holder for value without notice — A holder in due course. 11 Am J2d B & N § 397. See holder in due course …   Ballentine's law dictionary

  • bona fide — bo·na fide / bō nə ˌfīd, bä nə ; ˌbō nə fī dē, fī də/ adj [Latin, in good faith] 1 a: characterized by good faith and lack of fraud or deceit a bona fide offer b: valid under or in compliance with the law retirement incentives made part of a bona …   Law dictionary

  • bona fide — /bowna faydiy/bowna fayd/ In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Merrill v. Dept. of Motor Vehicles, 71 Cal.2d 907, 80 CaLRptr. 89, 458 P.2d 33. Truly; actually; without simulation or pretense.… …   Black's law dictionary

  • bona fide — /bowna faydiy/bowna fayd/ In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Merrill v. Dept. of Motor Vehicles, 71 Cal.2d 907, 80 CaLRptr. 89, 458 P.2d 33. Truly; actually; without simulation or pretense.… …   Black's law dictionary

  • bona fide purchaser — bona fide pur·chas·er n: a purchaser who purchases in good faith without notice of any defect in title and for a valuable consideration – called also bona fide purchaser for value; ◇ There are particular requirements for a bona fide purchaser of… …   Law dictionary

  • bona fide purchaser —    In finance, an individual who has bought an asset (e.g., a promissory note, bond or other negotiable instrument) for a stated amount, unaware of any facts that would have cast doubt on the right of the seller to have sold it in good faith… …   Business law dictionary

  • bona fide purchaser — One who purchases a chattel for value, without notice of a defect in the title of the person from whom he purchased or of the right of a seller in the chain of title to avoid or rescind the sale which he made. 46 Am J1st Sales § 465. One who… …   Ballentine's law dictionary

  • holder in due course — holder in due course: the holder of a negotiable instrument that is complete and regular on its face and that is taken in good faith and for value without notice that it is overdue or has been dishonored or that there is any defense against it or …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”