Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
holder in due course.
A person who in good faith has given value for a negotiable instrument that is complete and regular on its face, is not overdue, and, to the possessor's knowledge, has not been dishonored. 0 Under UCC ยง 3-305, a holder in due course takes the instrument free of all claims and personal defenses, but subject to real defenses. - Abbr. HDC; HIDC. - Also termed due-course holder.