bearer

bearer
The holder of an instrument. American Banker Glossary
————
also bearer form Euroclear Clearing and Settlement glossary
The owner is not registered in the books of the issuer or of the registrar. Euroclear Clearing and Settlement glossary
See also bearer/registered form; registered form Euroclear Clearing and Settlement glossary

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bearer bear‧er [ˈbeərə ǁ ˈberər] noun [countable] FINANCE
1. someone who owns or possesses a document such as a bond, cheque, or a bill of exchange:

• The firm became suspicious about the bonds and asked the bearer for confirmation.

2. FINANCE payable to bearer words written on a document to say that the amount of money stated on the document should be paid to the person who has it in their possession, rather than to a named person:

• I took a check marked `payable to bearer' to a bank to cash.

3. FINANCE bearer bond/​cheque/​share etc a bond, cheque, share etc that is considered to be owned by or payable to the person who has it in their possession, even though their name may not appear on it or may not be on the official list of owners

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bearer UK US /ˈbeərər/ noun [C] BANKING, FINANCE
► someone who has in their possession a document, such as a bond or share, which they can legally exchange for a sum of money: »

Letters of credit are documents issued by banks which give the bearer the authority to draw a stated sum of money on the bank or its agencies.

 »

The bonds promised to repay the bearer the full amount, plus 25% in 20 years' time.

 »

The bonds are normally in bearer form, which means the physical holder of the certificate is deemed to be the owner.

→ See also PAYABLE TO BEARER(Cf. ↑payable to bearer)

Financial and business terms. 2012.

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Look at other dictionaries:

  • bearer — bear·er 1 / bar ər/ n: a person holding a check, draft, or other negotiable instrument for payment esp. marked payable to bearer or having a blank endorsement bearer 2 adj: freely transferable by the holder with or without endorsement and with… …   Law dictionary

  • Bearer — Bear er (b[^a]r [ e]r), n. 1. One who, or that which, bears, sustains, or carries. Bearers of burdens. 2 Chron. ii. 18. The bearer of unhappy news. Dryden. [1913 Webster] 2. Specifically: One who assists in carrying a body to the grave; a… …   The Collaborative International Dictionary of English

  • bearer — [ber′ər] n. 1. a person or thing that bears, carries, or supports 2. a plant or tree that produces fruit or blooms 3. Rare a pallbearer 4. a person presenting for payment a check, note, money order, etc. adj. payable to the bearer [bearer bonds] …   English World dictionary

  • bearer — [n1] person who carries messages or deliveries agent, beast of burden*, carrier, conveyor, courier, drogher, emissary, envoy, internuncio, messenger, porter, runner, servant, shipper, transporter; concept 348 bearer [n2] person who requests… …   New thesaurus

  • bearer — (n.) O.E. berere (in water berere), agent noun from BEAR (Cf. bear) (v.). Meaning one who helps carry a corpse to the grave is from 1630s …   Etymology dictionary

  • bearer — ► NOUN 1) a person or thing that carries something. 2) a person who presents a cheque or other order to pay money …   English terms dictionary

  • bearer — The person in possession of an instrument, document of title, or security payable to bearer or indorsed in blank. U.C.C. No. 1 201(5). When a check, note, draft, etc., is payable to bearer, it imports that such shall be payable to any person who… …   Black's law dictionary

  • bearer — The person in possession of an instrument, document of title, or security payable to bearer or indorsed in blank. U.C.C. No. 1 201(5). When a check, note, draft, etc., is payable to bearer, it imports that such shall be payable to any person who… …   Black's law dictionary

  • bearer — [[t]be͟ərə(r)[/t]] bearers 1) N COUNT: usu N of n The bearer of something such as a message is the person who brings it to you. I hate to be the bearer of bad news. 2) N COUNT: usu n N A bearer of a particular thing is a person who carries it,… …   English dictionary

  • Bearer — A bearer is someone who, or something which, bears or carries something, momentarily or in a more systematical sense, for example: *Porter (carrier), also called a bearer, is a person who carries objects *Bearer instrument, the bearer of the… …   Wikipedia

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