bearer
- An individual who has in their possession a financial document such as a check or draft that can be turned into cash or equivalent, without any special endorsements
- A note that can be transferred simply by being handed over to the recipient, without the need to write any endorsement on it
- An instrument that isn't owned by any recognized individual or entity listed in official records
- A financial item that does not explicitly name the individual or entity to whom the payment is to be made
- The bearer of the draft has yet to redeem it for its cash value.
- The bearer simply handed over the note, effectively transferring ownership to the new party.
- Since the bond did not have a registered owner, it was considered a bearer instrument.
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