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LSDefine

Simple English definitions for legal terms

bearer document

Read a random definition: anomalous indorsement

A quick definition of bearer document:

A bearer document is a type of paper that can be transferred to anyone who holds it. It can be a written or printed document that shows evidence of a debt or payment. Bearer documents are different from order documents, which can only be transferred to a specific person. Banks often accept bearer documents as cash, and they are commonly used in commercial transactions.

A more thorough explanation:

A bearer document is a written or printed instrument that is payable to the person who holds it, rather than to a specific person. It is also known as bearer paper. This type of document can be negotiated simply by delivering it to a transferee.

Examples of bearer documents include bank bills, drafts, and other instruments received as cash by banks. Another example is a short-term unsecured promissory note, usually issued and sold by one company to meet another company's immediate cash needs.

These examples illustrate the definition of bearer documents because they are payable to whoever holds them, rather than to a specific person. This means that they can be easily transferred from one person to another by simply delivering the document to the new owner.

bearer bill of lading | bearer instrument

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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