Cartoon Guy Holding Stack Of Books

Premium

ABC Blocks

The giving of funds to the holder of a promissory note or bill of exchange when due, without any knowledge that the document had been acquired by fraud or that the holder did not have valid title. the true owner of the bill or note cannot also demand payment, but must look to the recipient of the funds.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.