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bearer (security)

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Tags: commerce

Person who holds, or presents for payment, a negotiable instrument (such as a check or draft) marked ‘Pay Bearer,’ ‘The Bearer,’ or other words to the effect. A bearer item can be cashed by anyone presenting it to the paying bank.
(Read more: http://www.businessdictionary.com/definition/bearer.html#ixzz2b5YA0QRI)

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