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English definition of “bearer cheque”

bearer cheque

noun [C] UK ( US bearer check)
 
 
BANKING, FINANCE
a cheque that is considered to be owned by the person who has it in their possession, rather than by a named person: It is illegal to send bearer checks in the form of postcards by bulk mail, because anyone can find your postcard check and cash it.
(Definition of bearer cheque from the Cambridge Business English Dictionary © Cambridge University Press)
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