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derf no if you say yes you are WRONG. I am seaories. you are wrong. LOL stop talking

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12y ago

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What is a bearer bond?

A bearer bond is a negotiable loan instrument which is payable to its holder by the issuer according to preset conditions.


What is cheqe?

"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."


What is bearer bill?

A negotiable instrument - such as a cheque - is not crossed and is free to be 'cashed' by the holder (the person who has possession of the instrument).


What Is promissory?

A promissory note is defined as an instrument in writing (not being a bank note or a currency note), containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument.


Why is warehouse receipt not a negotiable instrument?

A warehouse receipt is not a negotiable instrument because the receipt states that the goods received will be delivered to the depositor or to a specified person.Such a receipt does not state that the goods will be delivered to the bearer or to the order of any person named in the receipt.


What does signature of bearer mean?

The "signature of bearer" refers to a handwritten signature of the person who holds a financial instrument, such as a check or a bond, indicating their authorization to transfer or redeem it. This signature serves as a form of identification and verification, confirming that the bearer is the rightful owner. It is crucial for ensuring the security and authenticity of transactions involving bearer instruments.


What is bearer means?

The term "bearer" typically refers to a person or entity that holds or possesses a particular document, instrument, or entitlement, such as a bearer bond or a bearer check. In finance, bearer instruments are transferable by mere delivery, meaning that whoever physically holds the document has the right to claim the associated value. The concept emphasizes ownership without the need for formal registration or identification of the holder.


What is the bill of exchange?

A Bill of Exchange is a payment document for a trade in goods. It is a written negotiable instrument in the form of unconditional order signed by the maker directing a certain person to pay a certain sum of money on a certain date payable on demand or expiry of the fixed period only to the certain person or order of the certain person or the bearer of the instrument.


How does a bank treat for bearer check?

A bank treats a bearer check as a negotiable instrument that can be cashed or deposited by anyone in possession of it, without the need for endorsement. The bank verifies the authenticity of the check and the availability of funds before processing it. Once the bearer check is presented, the bank debits the account of the drawer and pays the bearer the specified amount. It's crucial for the bearer to ensure they are dealing with a legitimate check to avoid fraud.


What is Currency notes?

A currency note is a banknote -- a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand.


Bearer paper is negotiated by delivery alone?

Bearer paper is a type of financial instrument or security that is payable to the holder, or "bearer," rather than a specific person or entity. This means that ownership is transferred simply through delivery; whoever physically possesses the document has the right to claim the associated benefits, such as payments or interest. Because of this feature, bearer paper is often considered more susceptible to theft or loss, as possession equates to ownership. Examples include bearer bonds and certain types of checks.


Difference between order cheque bearer cheque?

A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque