THIRD-PARTY CHECK

glossary /

THIRD-PARTY CHECK

third-party check. A check that the payee indorses to another party ¡ª for example, a customer check that the payee indorses to a supplier. ? A person who takes a third-party check in good faith and without notice of a security interest can be a holder in due course.
How do Chinese lawyers translate the term THIRD-PARTY CHECK?
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