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LSDefine

Simple English definitions for legal terms

bearer instrument

Read a random definition: nonresident decedent

A quick definition of bearer instrument:

A bearer instrument is a type of document or paper that can be transferred to another person simply by handing it over. It is payable to whoever holds it, rather than to a specific person. Examples of bearer instruments include bank bills, drafts, and certain types of commercial paper. Bearer instruments are different from order instruments, which are payable to a specific person or to anyone that person designates.

A more thorough explanation:

A bearer instrument is a type of document or instrument that is payable to the person who holds it, rather than to a specific person. This means that whoever physically possesses the instrument can claim the payment. Bearer instruments are negotiable, which means they can be transferred to another person simply by delivering the instrument to them.

  • Cash: Physical currency is a common example of a bearer instrument. Whoever holds the cash can use it to make purchases or exchange it for goods or services.
  • Bearer bonds: These are debt securities that are payable to whoever holds the physical bond certificate. The bondholder does not need to be registered with the issuer, and the bond can be transferred by delivering the certificate to another person.
  • Traveler's checks: These are checks that can be used as a form of payment while traveling. They are payable to the bearer, which means they can be cashed by whoever holds them.

These examples illustrate how bearer instruments work. The person who physically possesses the instrument is considered the owner and can use it to claim payment or transfer it to another person. This makes bearer instruments convenient for transactions where immediate payment is required and there is no need for formal registration or identification.

bearer document | bearer security

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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