Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

holder for value

Read a random definition: service establishment

A quick definition of holder for value:

A holder for value is someone who has given something of value in exchange for a negotiable instrument. This could mean they have acquired a security interest in the instrument or accepted it as payment for something they were owed. Essentially, it means they have a legitimate claim to the instrument and its value. Another term for this is a bona fide holder for value.

A more thorough explanation:

A holder for value is a person who has given something of value in exchange for a negotiable instrument. This can include:

For example, if you lend someone money and they give you a promissory note as collateral, you become a holder for value because you have given something of value (the loan) in exchange for the negotiable instrument (the promissory note).

Another example would be if you sell a car and accept a check as payment. You become a holder for value because you have given up ownership of the car in exchange for the negotiable instrument (the check).

In both cases, the person who holds the negotiable instrument has certain rights and protections under the law, including the ability to enforce the instrument if necessary.

holdback | holder in good faith

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 8 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
LSD+ is ad-free, with DMs, discounts, case briefs & more.