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Bearer instrument

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(Querist)
17 July 2015 what do u mean by bearer instrument
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 July 2015 It is uncrossed instrument for which payment can be received across the counter by the bearer of the instrument.
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Arpit Shah

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Arpit Shah (Expert)
17 July 2015 A bearer instrument is a document that indicates that the owner of the document has title to property, such as shares or bonds. Bearer instruments differ from normal registered instruments, in that no records are kept of who owns the underlying property, or of the transactions involving transfer of ownership
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