bearer instrument

Fin
a financial instrument such as a check or bill of exchange that entitles the person who presents it to receive payment

The ultimate business dictionary. 2015.

Look at other dictionaries:

  • Bearer instrument — A bearer instrument is a document that indicates that the bearer of the document has title to property, such as shares or bonds. Bearer instruments differ from normal registered instruments, in that no records are kept of who owns the underlying… …   Wikipedia

  • Bearer Instrument — A bearer instrument, or bearer bond, is a type of fixed income security where no ownership information is recorded and the security is issued in physical form to the purchaser. The holder is presumed to be the owner, and whoever is in possession… …   Investment dictionary

  • bearer — bear·er 1 / bar ər/ n: a person holding a check, draft, or other negotiable instrument for payment esp. marked payable to bearer or having a blank endorsement bearer 2 adj: freely transferable by the holder with or without endorsement and with… …   Law dictionary

  • Bearer bond — A bearer bond is different from normal stock in that it is unregistered ndash; no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the bearer bond papers owns the stock or corporation. This is… …   Wikipedia

  • bearer — The person in possession of an instrument, document of title, or security payable to bearer or indorsed in blank. U.C.C. No. 1 201(5). When a check, note, draft, etc., is payable to bearer, it imports that such shall be payable to any person who… …   Black's law dictionary

  • Bearer — A bearer is someone who, or something which, bears or carries something, momentarily or in a more systematical sense, for example: *Porter (carrier), also called a bearer, is a person who carries objects *Bearer instrument, the bearer of the… …   Wikipedia

  • instrument — A formal or legal document in writing, such as a contract, deed, will, bond, or lease. A writing that satisfies the requisites of negotiability prescribed by U.C.C. Art. 3. A negotiable instrument (defined in U.C.C. No. 3 104), or a security… …   Black's law dictionary

  • bearer paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bearer paper n. Comme …   Law dictionary

  • instrument — in·stru·ment n 1: a means or implement by which something is achieved, performed, or furthered an instrument of crime 2: a document (as a deed, will, bond, note, certificate of deposit, insurance policy, warrant, or writ) evidencing rights or… …   Law dictionary

  • bearer stock — An instrument ( instruments) for which there is no register of the owner held by the company. Evidence of ownership is given by physical possession of the instrument itself. Bearer stock is common in the Eurobond market. Dresdner Kleinwort… …   Financial and business terms

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