What is BEARER? Definition of BEARER in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
One who bears, carries, or holds a thing. Defined by the Negotiable Instruments Act as the person in possession of a bill or note which is payable to bearer. Miller v. People's Say. Bank, 193 Mo.App. 498, 186 S.W. 547, 550.
When a check, note, draft, etc., is payable to "bearer," it imports that the contents thereof shall be payable to any person who may present the instrument for payment. Thompson v. Perrine, 106 U.S. 589, 1 S.Ct. 564, 568, 27 L. Ed. 298.
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That's the definition of BEARER in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
