A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Bearer

A person who possesses a bearer document and who is entitled to payment of funds or transfer of title to property on presentation of the document to the payee or transferor. For example, a buyer who presents bearer documents of…

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Bearer document

A negotiable document such as a pawn ticket, a duly-endorsed cheque, or one payable to the order cash, or a negotiable warehouse receipt, whereby the holder is considered to be the owner of the goods that the bearer document represents….

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Beneficiary

In letter of credit context, generally the exporter-seller; the one on whose behalf the letter of credit is opened by the applicant (the importer-buyer) the party to whom the L/C is opened, generally the exporter-seller. In a guarantee/bond context, the…

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Berne Convention

A treaty, administered by the World International Property Organization (WIPO), for the protection of the rights of authors in their literary and artistic works.

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Berth

The place at a wharf where vessels can be loaded and/or unloaded.

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