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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The notion that a borrower is precluded from challenging a holder's right of enforcement is often expressed apothegmatically as: "Even a thief is entitled to enforce a bearer instrument." (34) Needless to say, the assertion that a thief can obtain or pass title to stolen property flies in the face of common law.
On the other hand, since it is a bearer instrument with a liquid secondary market, Euroequity does not dismantle the registration barrier.
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.
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.e., obligations not in registered form) as a potential means of avoiding taxes.
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.S.
Campaign against bearer instruments has also led to diversion of funds towards the share market.
Some of the articles provided by the law require the declaration of anyone entering or leaving the country carrying cash, monetary or financial bearer instruments, precious metals or stones of value, as per the regulations set out by the Central Bank.