holder for value

holder for value. A person who has given value in exchange for a negotiable instrument. • Under the UCC, examples of “giving value” include acquiring a security interest in the instrument and accepting the instrument in payment of an antecedent claim. UCC § 3-303(a). — Also termed bona fide holder for value. [Cases: Bills and Notes 352. C.J.S. Bills and Notes; Letters of Credit § 185.]

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词条贡献者

法律翻译Celia，毕业于新加坡知名法学院，专注翻译各类与酒店、博彩及休闲有关的法律文件。