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

资深译员Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。