payable to bearer

Describing a bill of exchange in which neither the payee or endorsee are named. A holder, by adding his or her name, can make the bill payable to order

Accounting dictionary. 2014.

Look at other dictionaries:

  • payable to bearer — ► FINANCE used on a bond, cheque, etc. to state that the amount of money shown should be paid to the person who brings it for payment: »Where a bill is not payable to bearer, the payee must be named. Main Entry: ↑payable …   Financial and business terms

  • payable to bearer — >> bearer Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • payable to bearer — Describing a bill of exchange in which neither the payee or endorsee are named. A holder, by adding his name, can make the bill payable to order …   Big dictionary of business and management

  • payable to bearer — A bearer instrument. 11 Am J2d B & N §§ 106, 124 …   Ballentine's law dictionary

  • Cheques payable to bearer —   It can be cashed out by the cheque holder. A cheque made out to a named person can only be cashed by that person. The payee can endorse a cheque payable to the order of a named person and assign it to a third party …   International financial encyclopaedia

  • bearer — bear·er 1 / bar ər/ n: a person holding a check, draft, or other negotiable instrument for payment esp. marked payable to bearer or having a blank endorsement bearer 2 adj: freely transferable by the holder with or without endorsement and with… …   Law dictionary

  • bearer paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bearer paper n. Comme …   Law dictionary

  • payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I …   Law dictionary

  • bearer — The person in possession of an instrument, document of title, or security payable to bearer or indorsed in blank. U.C.C. No. 1 201(5). When a check, note, draft, etc., is payable to bearer, it imports that such shall be payable to any person who… …   Black's law dictionary

  • payable — Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay… …   Black's law dictionary

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