What does HIDC mean in Unclassified?
This page is about the meanings of the acronym/abbreviation/shorthand HIDC in the Miscellaneous field in general and in the Unclassified terminology in particular.
Holder in Due Course
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Definition
What does HIDC mean?
- Holder in due course
- In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and all previous holders, regardless of any competing claims those parties may have against each other. This right shields a holder in due course from the risk of taking instruments without full knowledge of their history.
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"HIDC." Abbreviations.com. STANDS4 LLC, 2024. Web. 1 Jun 2024. <https://www.abbreviations.com/term/1497732>.
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