bearer
noun [ C ]
BANKING, FINANCE uk/ˈbeərər/ ussomeone who has in their possession a document, such as a bond or share, which they can legally exchange for a sum of money:
Letters of credit are documents issued by banks which give the bearer the authority to draw a stated sum of money on the bank or its agencies.
The bonds promised to repay the bearer the full amount, plus 25% in 20 years' time.
The bonds are normally in bearer form, which means the physical holder of the certificate is deemed to be the owner.
See also
payable to bearer