term:

Bona Fide Holder

bona fide holder n

: a holder of a negotiable instrument who acquired title to the instrument in the ordinary course of business for value before it became due and without knowledge of any defect in title compare holder in due course

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.