Solicitors & Lawyers
Legal Terms
Term: bearer
1.
A person in possession of a promissory note or bill of exchange which is payable to the bearer. Payment upon the security may be claimed by anyone who presents the bill of exchange or promissory note.
Usage: The bearer presented the bill of exchange for payment.
Related Words: bill of exchange; promissory note; security; bearer bonds; negotiable instruments; negotiable securities; coupons.
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