Term
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Definition
| the transfer of rights under a contract |
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Term
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Definition
| a transferor in an assignment situation |
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Term
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Definition
| a transferee in an assignment situation |
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Term
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Definition
| the transfer of a negotiable instrument by a person other than the issuer to person who thereby becomes a holder |
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Term
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Definition
| an instrument that is negotiated by 1) deliver and 2) indorsement |
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Term
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Definition
| an instrument that is negotiated by 1) deliver and 2) indorsement |
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Term
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Definition
| an instrument that is negotiated by delivery; indorsement is not necessary |
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Term
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Definition
| the signature written by or on behalf of the holder somewhere on the instrument |
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Term
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Definition
| a person who indorses a negotiable instrument |
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Term
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Definition
| a person to whom a negotiable instrument is indorsed |
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Term
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Definition
| a separate piece of paper attached to an instrument on which an indorsement is written |
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Term
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Definition
| an indorsement that does not specify a particular indorsee -- creates bearer paper |
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Term
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Definition
| an indorsement that contains the signature of the indorser and specifies the person (indorsee) to whome the indorser intends the instrument to be payable -- creates order paper |
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Term
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Definition
| an indorsement whereby the indorser promises to pay the holder or any subsequent indorser the amount of the instrument if the maker, drawer, or acceptor defaults on it |
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Term
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Definition
| an indorser who signs an unqualified indorsement to an instrument |
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Term
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Definition
| an indorsement that includes the netation "without recourse" or similar language that disclaims liability of the indorser |
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Term
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Definition
| an indorser who sign sa qualified indorsement to an instrument |
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Term
| nonrestrictive indosement |
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Definition
| an indorsement that has no instructions or conditions attached to the payment of the funds |
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Term
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Definition
| an indorsement that contains some sort of instruction from the indorser |
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Term
| indorsement for deposit or collection |
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Definition
| an indorsement that makes the indorsee that indorser's collecting agent |
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Term
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Definition
| a person who is in possession of a negotiable instrument that is drawn, issues or indorsed to him or his order, or to bearer, or in blank |
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Term
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Definition
| a holder who takes a negotiable instrument for value, in good faith, and without notice that it is defective or overdue |
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Term
| taking for value requirement |
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Definition
| a requirement that says a holder must give value for a negotiable instrument in order to qualify as an HDC |
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Term
| taking in good faith requirement |
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Definition
| a requirement that says a holder must take the instrument in good faith in order to qualify as an HDC |
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Term
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Definition
| honesty in fact in the conduct or transaction concerned. The good faith test is subjective. |
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Term
| taking without notice of defect requirement |
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Definition
| a requirement that says a person cannot qualify as an HDC if he or she has notice that the instrument is defective in certain ways |
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Term
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Definition
| an instrument that specifies a definite date for payment of the instrument |
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Term
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Definition
| an instrument payable on demand |
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Term
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Definition
| an instrument that is presented for payment and payment is refused |
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Term
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Definition
| a doctrine that says a holder cannot qualify as a HDC if he or she has notice of an unauthorized signature or an alteration of the instrument or any adverse claim against or defense to its payment |
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Term
| no evidence of forgery, alteration, or irregularity requirement |
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Definition
| a requirement that says a holder cannot become a HDC to an instrument that is apparently forged or altered or is so otherwise irregular or incomplete as to call into question its authenticity |
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