Payment in due course means payment made at or after the maturity of the bill to the holder thereof in good faith and without notice that his title to the bill is defective.

Payment in due course means payment made at or after the maturity of a bill to the holder of the bill in good faith and, if his or her title to the bill is defective, without notice of the defective title.

Payment in due course means payment in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in possession thereof under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount therein mentioned.

Examples of Payment in due course in a sentence

UNIT 6 Negotiable Instruments - Definition – Essential features – Distinguishing features of cheque, bill and promissory note – Holder and holder in due course – Payment in due course.
UNIT-2 • The Negotiable Instruments Act, 1881: Definition, types of negotiable instruments; Negotiation; Holder and holder in due course; Payment in due course; Endorsement and crossing of cheque; Presentation of negotiable instruments.
Payment in due course means payment in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in possession thereof under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount therein mentioned.
Subject to Section 6.5, Composition Creditors will receive their Shares and Bonds together with the De minimis Payment in due course and in line with the Indicative Timetable in Section 2 until on the Fulfilment Date occurs.
Payment in due course is a defense against any claim or dispute arising from the instrument.

More Definitions of Payment in due course

Payment in due course means payment in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in

Payment in due course means payment made at or after the maturity of a bill to the holder thereof in good

Payment in due course means payment made at or after the maturity of the

Payment in due course means payment made at or after the 10 maturity of the bill to the holder thereof in good faith and without

Payment in due course means a state that payment occur in accordance with the apparent tenor of the Instrument in good faith which would not cause reasonable grounds for believing that the possessor of the instrument is not entitled to receive payment of the amount shown in the Instrument.

Payment in due course means payment made at or after the maturity of the bill to the holder thereof in good faith, and without notice that the holder’s title to the bill is defective.(3) Subject to the provisions hereinafter contained, when a bill is paid by the drawer or an indorser it is not discharged; but —

Payment in due course means payment made at or af-