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- A holder is a person who legally obtains a negotiable instrument, such as a cheque, bill of exchange, or promissory note, with his/her name entitled on the instrument, to receive payment from the parties liable1. A holder can be23:
- An owner: the holder of the copyright.
- A possessor or occupier: the holder of an Olympic record; the holder of a cabinet post.
- A party entitled to payment on a note or instrument: the mortgage holder; the holder of the bond.
- A person in possession of and legally entitled to receive payment of a bill, note, or check.
- Someone who officially owns something: an account / licence / passport holder.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Who is a holder? A holder is a person who legally obtains a negotiable instrument, such as a cheque, bill of exchange, or promissory note, with his/her name entitled on the instrument, to receive payment from the parties liable. The party that transfers the negotiable instrument should be legally capable.www.shiksha.com/online-courses/articles/differenc…One that holds, as: a. An owner: the holder of the copyright. b. A possessor or occupier: the holder of an Olympic record; the holder of a cabinet post. c. A party entitled to payment on a note or instrument: the mortgage holder; the holder of the bond.www.thefreedictionary.com/holder1 : a person that holds: such as a (1) : owner (2) : tenant b : a person in possession of and legally entitled to receive payment of a bill, note, or checkwww.merriam-webster.com/dictionary/holder - People also ask
Holder: Who is the holder of a negotiable instrument?
WEBMay 5. Negotiable Instrument Act. Section 8 of N.I.Act 1881 defines ‘Holder’ as under. “The holder of a promissory note, bill of exchange or cheque means, any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon …
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