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bearer definition - legal

n

A person in possession of a negotiable instrument, document of title, security, or other similar document that is marked “payable to bearer” or is indorsed in blank. Depending upon its nature, the document is called a bearer bond, bearer instrument, bearer paper, or the like and, if it is for the payment of money, it is said to be payable to bearer.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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