What is BEARER?

One who carries or holds a thing. 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 Sup. Ct. 564, 568, 27 L. Ed. 298; Bradford v. Jenks, 3 Fed. Cas. 1,132; Hubbard v. Railroad Co., 14 Abb. Prac. (N. Y.) 278.

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