Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    One who in good faith, in the ordinary course of business, for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument indorsed to him, generally, or payable to bearer. See 138 Cal. xix, 71 Pac. 87.