negotiable instrument
101holder in due course — Broadly, a bona fide holder for value without notice. 11 Am J2d B & N § 397. A holder of a negotiable instrument or document of title who has taken the instrument under the following conditions: that it is complete and regular upon its face; that …
102dishonor — dis·hon·or 1 n: refusal on the part of the issuer (as a bank) to pay or accept commercial paper (as a check) when it is presented see also wrongful dishonor dishonor 2 vt: to refuse to pay or accept a bank dishonor ing the checks for insufficient …
103Cowden v. Commissioner — Cowden v. Commissioner, 289 F.2d 20 (5th Cir. 1961), outlined the factors used to determine whether something received is a cash equivalent, in other words, whether something received is taxable when it was received or when it was assigned. The… …
104bill of exchange — see bill 7 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bill of exchange …
105payment in due course — n. Payment to the holder of a negotiable instrument on or after its maturity date in good faith and with no known defects in title. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …
106security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …
107Board of Inland Revenue v Haddock — The case of the negotiable cow, collected in Uncommon Law Board of Inland Revenue v Haddock (also known as the negotiable cow ) is a fictitious legal case written by the humorist A. P. Herbert for Punch magazine as part of his series of… …
108endorse — en·dorse also in·dorse /in dȯrs/ vt en·dorsed also in·dorsed, en·dors·ing, also, in·dors·ing [Anglo French endosser endorser and Medieval Latin indorsare, both ultimately from Latin in on + dorsum back] 1: to write on the back of; esp: to sign… …
109indorsement — I noun acceptance, accord, acquiescence, adfirmatio, affirmance, agreement, approbation, approval, assent, authorization, backing, certification, championship, compliance, comprobatio, concurrence, confirmatio, confirmation, consent,… …
110chattel paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel paper n. A …
