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.