- Commercial paper payable to bearer or the order of bearer; to a specified person or bearer; to cash or the order of cash, or payable according to any other indication which does not purport to designate a specific payee or indorsee. UCC § 3-111 (a)(b); 11 Am J1st B & N § 106.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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bearer paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bearer paper n. Comme … Law dictionary
bearer paper — ➔ paper * * * bearer paper UK US 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… … Financial and business terms
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
paper — pa·per n 1: a piece of paper containing a written statement: as a: a formal written composition or document often intended for publication the Federalist paper s b: a document containing a statement of legal status, identity, authority, or… … Law dictionary
Bearer bond — A bearer bond is different from normal stock in that it is unregistered ndash; no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the bearer bond papers owns the stock or corporation. This is… … Wikipedia
Paper — Money market instruments, commercial paper and other. The New York Times Financial Glossary * * * paper pa‧per [ˈpeɪpə ǁ ər] noun 1. [uncountable] material in the form of thin sheets used for writing things on, wrapping things etc: • plants that… … Financial and business terms
paper — money market instruments, commercial paper, and other. Bloomberg Financial Dictionary * * * paper pa‧per [ˈpeɪpə ǁ ər] noun 1. [uncountable] material in the form of thin sheets used for writing things on, wrapping things etc: • plants that make… … Financial and business terms
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
paper — A written or printed document or instrument. A document filed or introduced in evidence in a suit at law, as, in the phrase papers in the case and in papers on appeal. Any writing or printed document, including letters, memoranda, legal or… … Black's law dictionary
Order Paper — 1. An order paper is a negotiable instrument that is payable to a specified person or its assignee. An instrument such as an order paper is negotiable only if it is payable to the order of a specified person, as opposed to the bearer of the… … Investment dictionary