A Holder in Due Course (HDC) is a person or entity that acquires a negotiable instrument in good faith and for value, and thus has certain protections under the law, even if the instrument was previously subject to certain defenses or claims.
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is not a federal law, but a uniform act that different states have adopted to harmonize the law of sales and other commercial transactions across the U.S.
