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English definition of “bearer form”

bearer form

noun [U]     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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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