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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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