Legal English Word of the Day: bearer paper

Word: bearer paper Definition: A negotiable instrument payable to whoever holds it, such as a bond or check. Sample Sentence: Bearer paper is risky to hold because whoever possesses it can cash it. Why It Matters: It represents a transfer of value without needing endorsement, relevant in commercial and financial law. Quick Tip: Store bearer instruments securely since possession equals ownership. Source: https://dictionary.law.com