Bearer Instrument
/ˈbɛərə(r) ˈɪnstrəmənt/
Definitions
- (n.) A negotiable instrument payable to the holder or bearer rather than a named payee.
The bearer instrument can be transferred simply by delivering it to another party.
Forms
- bearer instrument
Related terms
See also
Commentary
Bearer instruments are transferable by mere delivery without endorsement, creating unique risks and benefits in negotiable instruments law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.