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bearer instrument |
Also found in: Wikipedia | 0.01 sec. |
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Bearer Instrument A security that contains no ownership information and whose physical bearer is presumed to be the owner. Bearer instruments may be bought and sold without endorsement. Due to the increased digitization of the market, they are quite rare. bearer instrument A security that does not include the name of the owner or payee. Anyone in possession of the instrument may present it and receive payment. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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