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English definition of “bearer paper”

bearer paper

noun [U]
 
 
BANKING, FINANCE
any document such as a bond, cheque, or share that is considered to be owned by the person who has it in their possession, rather than by a named person: To qualify as a holder, a person must possess bearer paper that has been properly endorsed.
(Definition of bearer paper from the Cambridge Business English Dictionary © Cambridge University Press)
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