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Payable to Bearer |
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Payable to Bearer Describing a check or security containing no ownership information, for which the physical holder is therefore presumed to be the owner. One may cash a payable to bearer check at the bank on which the check is drawn, and may receive dividends or coupons on a bearer security by presenting it to the issuer. 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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