bearer instrument

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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.

References in periodicals archive ?
The requirement that certain debt obligations be "in registered form" is intended to create a record of ownership and to discourage the use of bearer instruments (i.
The IBUs will not be permitted to issue bearer instruments or cheques and all payment transactions will need to be undertaken through bank transfers.
The government also committed to consider the option of an explicit ban on bearer instruments.
The central bank said it is also bringing the minimum declaration amount in line with international standards, raising the requirement to declare cash and bearer instruments such as cheques to 100,000 dirhams ($27,230), or the equivalent in foreign currencies, from 40,000 dirhams.
In other words, when entering or leaving a country, although there may be requirements to disclose or declare cash or bearer instruments over USD/EUR 10,000, there is no comparable requirement for stored value cards.
Privatization vouchers were bearer instruments that were freely tradable, and they typically were bought and sold using U.
Roever envisions Navio rifles acting as bearer instruments, like cash bills certified by the Federal Bank or stock certificates.
Campaign against bearer instruments has also led to diversion of funds towards the share market.
Muling has increasingly drawn ordinary consumers--especially job seekers--into the employ of organized e-crime enterprises, specifically to facilitate the movement of cash and bearer instruments (e.
As long as criminality remains in the underground of aliases, coded messages, false documents, bearer instruments, and clandestine operations, it is often undetectable to even seasoned investigators.
Cash isn't just spending money, it can also be bearer instruments, cashiers' cheques, money orders, travellers cheques.
DigiCash technology offers the security and privacy that is inherent in traditional bearer instruments such as coins and bank notes, but with the flexibility and power of the Internet.