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 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.
Negotiating the American dream: a critical look at the role of negotiability in the foreclosure crisis
On the other hand, since it is a bearer instrument with a liquid secondary market, Euroequity does not dismantle the registration barrier.
On the integration of international capital markets: evidence from Euroequity offerings
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.
Introduction
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.
IRS ruling expands scope of debt obligations in registered form
The IBUs will not be permitted to issue bearer instruments or cheques and all payment transactions will need to be undertaken through bank transfers.
NRI Problems
The government also committed to consider the option of an explicit ban on bearer instruments.
Canada
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.
UAE to toughen up money declaration rules from September
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.
Consumer convenience may aid money laundering
Privatization vouchers were bearer instruments that were freely tradable, and they typically were bought and sold using U.S.
Azeri oil scam
Roever envisions Navio rifles acting as bearer instruments, like cash bills certified by the Federal Bank or stock certificates.
Navio personalizes content commerce
Campaign against bearer instruments has also led to diversion of funds towards the share market.
Role of Karachi Stock Exchange in capital formation
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.
UAE President issues Federal Decree-Law on anti-money laundering, countering financing of terrorism
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