antecedent claim
antecedent claim. A preexisting claim. • Under the UCC, a holder takes an instrument for value if it is taken for an antecedent claim. UCC § 3-303(a)(3).
antecedent claim. A preexisting claim. • Under the UCC, a holder takes an instrument for value if it is taken for an antecedent claim. UCC § 3-303(a)(3).