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
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
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
Negotiable instrument
…is linked. The instrument, memorializing: (1) the power to demand payment; and, (2) the right to be paid, can move, for example, in the instance of a "bearer instrument", wherein the possession of the document itself attributes and ascribes the right to payment. Certain exceptions exist, such as instances of loss or…
Bearer share certificate