*l...Yol*-* t.l.

tett
lI{jtlrll-Ll \ I} iJ a) IIoI.()G'( ,lF{J

lat'errlrary nir: c tllr',i '' ?{t3!r;,r|rrtrt ,' :lntl

|115 lrrst. lrec:rti:t 11'l,,trriLle lor lr.r 8c!9 tr§
tor thr,§e Oi hir r(:r! 0trt,
IIOGSI{IIAD. r\ nteAsure of a eapneity x
.{tlttlir,':,g :lrc fu rrtL I'ilrt(if a Lt:r' {tr sl\tr-
three {itl,o:13. Corvell. Ä i., r g' r;rr:k. ol
in jeBn.ta crlnlcatts, bttt trslrlltl.r- ctttrt:t. ttiDLr
frotu uttit l;urrilrr:4 t,-l one llrr'irlt''-'rl ilI:J t )rt'§ ii
gillloü§. 1\'trh. tcr. llre l,rrlri. r rrf ii li|lrr:Ö it t',';rr Cit rrltiF, ;Itttl
\v,jlirluf :i,;ti(B ilr,t ;t- lr:i,l t,t'i'ii ul,'i.tt,;'jf
IIOLD, tl. l. Ttr ;"'lrt*s itt rlrtrte of a rli,;lrolrc r, rl. if sttr u' r I tlrr' i r.t. i i, ) f ii,tt
l;rn f:rl title; :lc in ti. cr:'':: )sij,':. (' rlrr 'r(r': t.tith
Le tt';l' tl:, r liiii (r't:c l' oi ,i.rln, irt 3r'rrrJ
in arinlr, "t,: iiltYe lltltl to lr,il'1. " Cit itr il:'rt il1,,.1frrr !ltltlc. olrJ t:.,it :.t ih Litlt" it rt.ts
81:1,1i,-{ L,) 11.'t(i:r, "tl)t'o\rnff llnrl ll'riri" '
l, liint ,re lr:rl "o n',1.i:r, r'i illY
" ;.t.Ltrri.ilri*,1
!. ltrr i.t' 111,.1 g1;111{r1t' ,)r i.'itiurt ,'{ ;111r'i 11r1" (1,,., ; irl l,lre t:il: ui tire I.,eir",n * t,,, ' :.,-
tO tak+,, Oi h;rve an t'§tliili tfrrlll il,t"riill"" .:. i,xt it." lli:l. of Jxclt:t:lq-r !cf, l§ri. i'15
I'Iot,r'.(, to h:rver A!t rSl; tr, en conil.;tt,n ul .i r{i Vrr:t, c. ü1, § '..:Lt,}
fill iI. rrnt. Of l,i'rf 'rllilll'j sfrr' ir ".
3. Tr) ;,. i:11rlge (}! rltct .r', sl')(rir.l Ir ;rf ll collrt' EOI,IJIIS, §:rx. In SitYUn law. -\ rrrtl-
it:lJ1' r'U:t,:l,.tlr(lef.
[rirtii:rii ]rl\.to,li'alare lltr to:,t'I. i ti of ]l'iv
S1."i;,11111.

tritelu:,] ;.r lire C(r.il! ;rS t, Llllr I<';,;lr. i'.it'c'. Oi IIOLDI)tG. Itr Errtiisli hrrv. A piece
tLie f:u'tr tlisi'lolr,l' of ltnLt irr l,^ unrlct fl lc;t.'r,-' or iillrll;rr tentney
.1.'I',r rt,tittt;ri:i or stl-t'lili; lo be riutir-'t' l.lie fr.r :rgrit,uitur:rl. [.it:'.o111, or ailrtil3r i,ur-
11e...i:§$lti or dut.-\' r-rf crts'r,ri:ti'rI or Ii]!rf ilt:; poses.
an rr:rfIl it is sa.,l tll,t: tl t,li'!'t'"l-'rirl.i 'llr::tf-
In Scoteh lalq. 'I'he tcnrrre ()r natrlrt'ol
tiftt:.rtttC" r)I: lrl'!iil i\ rr (r- iln r:s it1 l11 il Cilll:tl. tl.e riglrt given b) the Etll)(rti()r to tlte ltts,.itl.
5. Tu l,in.. 6p 1,1 lig.tc; tu IeJ r']ill r)f tr)ll- I i.:ll.
struiu; to kerp ia crr't'.:rij' or url(ler an ob
,ig;rti,:n; lls l» the l.lrt:i);:i "L,'l'l trr l'.ril." fiOLDIXG OYIIII. A hoirling lrn.;rnrl
"Ltlhi tor collrt," "licitt alrLi l':r'u:ii'i'ottnr-," I tlrr-r; a cüntlntling in I)ossi ssiorr x;1",'r l,le
etc. exlr.t;tti,rtt oi a t{'rIn. 'l'irt li':'i, ol }iea 'i n{
6. To ;lllrritriit(:ri !o corl,lttrt or I'rtsi(lc 1,t.r'.i"si ril (iI I'rt'u.lisc:J lrils,-'i, lrtler t,lre er-
trt; to t:ot.rr,,i', ()i,eili anr: tlil'' rL i.' r)i^'r;l- Iiir:rliotr of tirt ti'tirr üf tiro lell.le, §'rtlioll,
ttctrs oI; :ls 1u ir,,l i ii crjrlt't, t oi I f i'' t:. t L:.'. birt, cur):sr:t irf ttre l;nrll.,:'d; ur o[ ätt ol.;ee
?. 'l't, 1I,.ri{'ctr!e; t{)uii,:r't itu'i t't::t'; :ti-r'rllt :rlt,rr t,lil, 1.r;111111;on of [hc lliCuuLrcDi.'s i*..:1.
to I'tn ; as tcIrD.
'Jtlicil.l]; to c,rnilric! uccrrriiittg
to liu -l In (i:'('l;,,11. ftOT,DING IIP TIII] IIA§D. IN
ti. '[',t 1,it-.,,'-: ' to r'c.l:p,]"; trl i.re lri I)r' rPs- alirrrir,: l t,:":r1'liae, .Ä fr)I lr, I i!1 ()ltl):':!t-{l in
8,un aD,l a,lßlil:istilrtil,rl of ; :r§ to Lold oil;.:t'. tlr.: ;rir:rj;',rr.rilt of tr: i..i,r 1i'. llll,i '.o irg
IIOLD, ,r. Irr r,ltl law. Tr:ltut'e- Ä trtlr'l Eut &L,rtrl.,tr:i-l IrcC(,'S].rr)'. i t\'. lli..l,4.
rrrtll:lll' cccr:f . ing i:r ccll,tlL!,:.i,-)n \i iili
c. HOLIDAY. '\ r, li'rir'ts fcstical ; a day
{ts' l!''1,1, ta!'!}it lrl, t'Lt:.,
oflrrr.. ,.,: ft;,trtui,l, I Sr.t ar,ar t fot , rtl.j iri'i.! , :ri !n;j 3r,lllt) iil)r'(r'
but r,ittl-, u,tt" lii.i: ir, tl. itsli:lI ti i'l",ll:i. t;111r-;.i 1 ;11 M lr'Jt')i.Y:;r il.,; .,1 r'.\('rl,l i,'lu lf ilri
IIOLI) OVI:R. 'l',: l,'-rl,l l,ursts:ion atter l.tlr,.,r, \1'r r,.i't. A 11;t'r t.lr,ivl n!liclr tiro
tl:e ox1, t'itti,in oI lt tt'rI;i i,r :1'11','. '[r, t''t't:rl risilii. ()llr-r.,'.1 ,tlr t;f trLt:iti'Jss ilIB slisi;:':.rlr:d
poss{':r:;ul. oi f i.,1,1"ty lt'ast:ii, :iftFr tl,t trri'i irrr,l t1,,. , ,irr. L-\ r'iu)( .1,;lod, ii'l IltrJil)'r Eo ir'$,ll
of tlte l,1iru. To c,,t.tltrtte in 1'r,s:'.:"'i,,tt uf I)r(,c. ss is scrved.
an Ill',.'(-. :i11tl r 03t,,lltlt' i(,t eI'.rlljiJ" tiS i,ine' fiOLrL Äs islirutl in a rlver or the 3Fß.
tluni, aftci Lho eu(l ol t,iro o,li(:t:r's .a§'ful ':t
ttlrm. '-l,ci il n '
Iriitrn gr::s>f i{ra'l:nil ufou $otor sirlt,r or
EOLD ?L!:AS. To her.r oi tri'cartses. iB tlio \\ ii er, -Blorrnt. [. ,r',' gr.rtrlru it,ter'
B Bi. (lornrrr. ll5, 2'.tS. spr tc,l lviLlr strr:lruts. §neltt,an.
'IIOLDUII. Tho hultler of a lrill r>f ex- (uoi,oenafo. In Spiilrish law. A
obsnge, [,i()rrliss,)rt rlotr I or r:hel li is lhr ptr- lioh,;;rirpit. Au lu.trttntt'Itt (plrticulilrly a
ran wLo l-rur itgall.v 4c,1uirt:ri LliC 1;r:s:t;s:it-rtt willt tholll lo tLe Lranilwriting of tho Per'
ui tlle satut, {loill ;r IrPrBr,;l 1',;i,a''id of :tilrl§' coll Lr\ccllt:ng i&; or wlr:oh, t,., L,g Yaltd, Uuat fti
terIi:]8 it, Ly iudur:i,e[rcLt o.t tiuiilery, aud bt'so written by his own ltand-

78r
3. To adjudge or decidg epoken of a courb partieular-
ly to declare the conchrgion of law reached by the court
as to the l€al €ffet of the facts disclmed- §ee Holding.
4. To maintain or sustain; to be rmder the neceeeity
or duty of sustaining or proving; as when it i8 §aid that
a party'bolds the affirmative" or aegative of an issue b
a cau§e.
5. To bind or obligatq to restrain or coastrain; to
ke€p in arstody or under an obligation; as ia tbe phras'
es "hoH to bail,' 'told fu eour!" 'beld and firmly
boundj'etc.
6. To administer; to conduct or preaide at to con-
voke, open, and direct tbe operatims of; ag to hold a
court" hold pleas, etc.
?. To proeecute to direct and btingi about officially;
to coadust sccording to law; ae to hold an election
8. To poesesq to occupy; to be in peeasiolr and
administration of; ag to hold dfie.
9. To keeg to retain; to maintain pceeesioa of or
authority over.
Se als OrnershiP; Poss€ssion.
Eol.d aner. To retain pcsession as tenant of property
lease{aft€rthe end of tbe tem- To oatinue in pmea'
gion of an ofüe and continue to exercise its function8,
after tbe end of the dfice/g lawful term.
Eold. plw. To hear or try causes. 3 BLComm- 35, 298.
Eolö re In old Englisb law, tenure. A word consteatly
occunirg in conjuactiou with othery * fieehold' bw'
hd.d, awlald, etc, but rarely met with in the separate
form-
Eolder. The holder d a bill of excbange promiesory
notc, check, or otlrer commercial paper' is the person
vl6 har legally acquired pcsession of tlre same, by
indoraement or delivery, and who ig entitled to rcceive
payment of the inetrument Person who is in poss€ssion
of a documeut of title or an iDstrunent or an inveghent
secudty dras:u iesued or endorsed t6 him or to his
order, or to bearer or ia blank UC.C' § 1-201(20).
Eoldc for valuq A holder who has given a valuable
@aside,rstioa for the docuoent of title, instruDent or
ioveatloent security which he has in hia poss€8sion- A
holder takeg an instrurentfor valuer (a) to the extent
that t.he agreed cmsideration hec been perfotmed or
that he acquirea asecurityintereet ia, or a lien on' tbe
ingtrument otherwige thrn !y legal procesq or (b) when
he takes ttre instrum€nt in payment of, o as §ecutity
for, an antecedent cl,aim against any person whether or
not tbe claim is dug or (c) when he givee a negotiable
ingtrument for it or makea an irrevocable commitrnent
to a third percoD" U.C.C. § 3-80e.
lßolder in duc oourae [n commercial law, a holder of
' ro irstto-e.t who took it for valug in gpod faith and
without notioe of aay doim or def€Dre against it' U.C.C.
§ 3-30r[U and who can enfore the instrument frce
fr,om all elaimg and pe,rsonal defenses. U.C.C. § 3€On
A paye may be a holder in due course. A holder does
not beeome a holder in due course of an instrunent by
$uaaK§ Lau ( N sÄ \1\o
HOTDING @MPANY
purchase of it at a juilicial sale or by takins it uader
legat procesel, or by aquiring it ilr tekisg over an eatate'
or by prrchasiag it as part of a bulk transaction not in
regularcourae of bueines§ of the transferor- A purchas'
er of a limited inter€8t caa be a holderr in due ourse
only to the exteut of t'be interest purchased- I(aw
Valley State Baük & Trust Co. v. Riddle 219 Kaa. 550'
ilg Pzd 927,933.
A holder in due course of a conguner credit @Btrsct
(i.e. consumer paper) i8 subixt to 6l| clqims aad defensee
which tbe debtor (buyer) could asselrt agairat the seller
of t.he gpods or s€ryicee obtained pursuant to the credit
contract or with the poceeds therof. 16 ClfR § 483.1 et
s€q.
Conpare Bonafde purcfiaser. Sealso Feal defenses.
Eolder in good feith. Oae who takee property or an
i:rstrument without kaowledge of aay defect ia its title-
Hold hamleae agr=ement. A contractual arraDgenent
whereby one party asEunes the liability inherent iu a
gituation, thereby relieving tlre other party of r€sponsi-
bili8 Such agreements are typically fouad in leases'
and easenents. Agreement or ontract il which one
party agrees to hold the other without rcspmsibility fr
,hnqge or otber liability arising out of the transactior
involved- See & Qnrantg lndemnit5 Surety.
Eolding. lbe legal principle to be drawn from the
opinion (decision) of t,he courL Opposite of dietum (g.uJ-
It may rcfer to a kial ruliag of t}re cort upol evidence
questions during tb triat Blwad
or other
t. Elrre & Co. v. Hirsch e,t at, 36 Wash.*t 489,218P2r1
88& Also, general telm fc property, securiüieq etc'
owned by persoo or corporatioL See alep Decbion;
Dicta.
In Eryli8h law, a piece of land held under a lease or
rimilar teaancy fc agricultural, pastoral or similar
purposeß
EoLltrg ormpa4r. A company that usually coufines itg
astivities to owniag stock in, and eupervisiag m'4tge
ment of, other companiea A holding conpany usually
owns a controlling interesü itr the companiea whee atoch
it holda In o,rder for a corporation to gai[ the benefits
oftar coneolidatioq including taxfree dividends and the
ability to shale operating lmes, the holding oompaay
must owrl Wo or more of the voting stock of the
corgoration I.R.C. § 2A& fualsp hvestmentconPany-
Persorrot tnlding @rnryrt. A clooely held orporation
which receives peraonal holding conpany income. Pen-
sonal holdiag income includes but ie not linited ta
övidends, int€rest' ren§ royaltiesr etc- If a company
comes within the definition of a peraonal holding compa-
nn it oay be sublxt to the regular corporate tax, aB
well as a pergonal holding company tar on the undistrib
uted pergoual holding compary iocome. fire tax is
iIlrpced to prevert individuals from accumulating in-
come in the corl»ration and not subjecting the individu-
als to the personal income tax on the earaingB See olw
Holüng corpany tax Personal holding company.