Meaning of “bearer form” in the English Dictionary

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"bearer form" in Business English

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bearer formnoun [ U ]

uk us BANKING, FINANCE, STOCK MARKET

a situation in which a bond, cheque, share, etc. is considered to be owned by anyone who presents it for payment or has it in their possession, rather than by a named person:

Nevada and Wyoming are the only states that allow corporate stock to be held in bearer form, which means the stock belongs to whoever possesses it.

(Definition of “bearer form” from the Cambridge Business English Dictionary © Cambridge University Press)