Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Payment In Due Course
Payment of funds to the holder of a promissory note or other negotiable instrument made without knowledge that the document had been acquired by fraud or that the holder did not have valid title. The true owner of the note cannot also demand payment, but must look to the recipient of the funds.
LA-NOLO1:DRU.1.6.1.20140626.27175