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bona fide holder

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Legal Dictionary

Main Entry: bona fide holdĀ·er
Function: noun
: a holder of a negotiable instrument who acquired title to the instrument in the ordinary course of business for value before it became due and without knowledge of any defect in title —compare HOLDER IN DUE COURSE
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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