Bearer instrument
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A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property. In the case of shares or bonds, they are called bearer certificat
Bearer share certificate
Negotiable instrument
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A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is
Bearer instrument
…to avoid transfer taxes, although taxes may be charged when bearer instruments are issued. In the United States, under the Uniform Commercial Code, a negotiable instrument (such as a check or promissory note) that is payable to the order of "bearer" or "cash" may be enforced (i.e. redeemed for payment) by the party in…
A 1939 promissory note, Rangoon, Burma
An 1870 bill of exchange payable in London, with British Foreign Bill revenue stamps attached
Belgian bill of exchange, 1933