bearer security
- A type of financial agreement, such as a bearer bond, that is not registered to a specific individual and can be claimed by anyone who physically holds it
- The anonymous nature of a bearer security can make it highly desirable for certain transactions.
- Without a name attached, a bearer security can be transferred from one person to another with ease.
- A thief stole the bearer security from the safe, then cashed it in without any problem.
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