bearer paper

An instrument payable to the person who holds it rather than to the order of a specific person.

• Bearer paper is negotiated simply by delivering the instrument to a transferee.

— Also termed bearer document; bearer instrument. [Cases: Bills and Notes 210. C.J.S. Bills and Notes; Letters of Credit § 145.]

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词条贡献者

双语律师李明，国际知名法学院法律专业，擅长翻译各类与政府监管相关的法律文件。