Business, Legal & Accounting Glossary
One who is in possession of something, usually the purchaser and owner.
n. a general term for anyone in possession of property, but usually referring to anyone holding a promissory note, check, bond or other paper, either handed to the holder (delivery) or signed over by endorsement, for which he/she/it is entitled to receive payment as stated in the document.
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This glossary post was last updated: 5th November, 2021 | 1 Views.