bearer instrument(redirected from Bearer security)
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.
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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.