Definition of HOLDER


HOLDER

The holder of a bill of exchange is the person who is
legally in
the possession of it, either by endorsement or delivery, or both, and
entitled to receive payment either from the drawee or acceptor, and is
considered as an assignee. 4 Dall. 53. And one who endorses a promissory
note for collection, as an agent, will be considered the holder for the
purpose of transmitting notices. 2 Hall, R. 112; 6 How. U. S. 248; 20 John.
372. Vide Bill of Exchange.


Source: Bouviers Law Dictionary 1856 Edition

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