A "Holder of a Note" refers to an individual or entity that possesses a financial instrument known as a note, which represents a promise to pay a specified amount of money at a future date. This note can be a promissory note, which is a written promise from one party to pay another, or a negotiable instrument that can be transferred to others. The holder has the legal right to receive payment according to the terms outlined in the note. If the borrower fails to make the payment, the holder can take legal action to enforce the terms, ensuring they receive the owed amount from the borrower or debtor.