A 'non-holder' refers to an individual or entity that does not possess or maintain possession of a specific item, asset, right, or position. This term is often used in contexts involving financial instruments, memberships, licenses, or contractual agreements. The lack of ownership or possession is the defining characteristic, signifying an absence of the associated benefits, responsibilities, and potential risks. Non-holders stand in contrast to those who actively hold, own, or are entitled to the subject matter.
Non-holder meaning with examples
- During the stock split, **non-holders** of the company's shares didn't receive the additional stock units. Only investors recorded as shareholders on the specified date benefited from this action. This led to opportunities to later purchase shares. This also influenced subsequent investment strategies.
- The library system requires patrons to be active cardholders. **Non-holders**, for example, are not permitted to borrow books or access online resources. However, they can use computers in-house, and often enjoy other library amenities. Public libraries, for all, often help non-holders too.
- In a co-operative housing arrangement, **non-holders** of shares in the housing corporation cannot occupy a unit. Only those who meet specific eligibility criteria and have purchased membership receive the right to reside at the property. Often, those are not holders.
- During the insurance claims process, **non-holders** of a valid policy are not eligible for coverage for the incident, therefore they must seek funds elsewhere. This would not qualify them. Policy ownership determines eligibility. This would influence how funds were allocated.