Value has been given by the holder if he or she acquires a security interest in or lien on an instrument.

Name: Value has been given by the holder if he or she acquires a security interest in or lien on an instrument.
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Question

Quizplus · Accepted Answer

If a holder acquires a security interest in or lien on an instrument, it means that they have given value for it, as they have invested in the security or used it as collateral for a loan.

Value Has Been Given by the Holder If He or She