Español
FrançaisHolder in due course
An individual or legal entity (holder) who possesses a negotiable instrument, document of title, and who took possession for value, in good faith, and without notice of other individual´s or legal entity´s claim or defense against. A holder in due course is generally protected from the claims of third parties against the item transferred, and thus the only recourse of a third party is against the person that transferred the title, instrument or other item to the holder in due course.
