the person in possession of an instrument/document-of-title/security that is payable (or enforced in blank). A note payable to “bearer” is payable to any person who successively holds the notebona fide. In other words, it is payable by an original & direct promise [moving from the maker to the “bearer”] – not by virtue of any assignment of promise.
Congratulations! You're now Froogled Up™ on what "Bear Market" means!
Feel free to use it throughout your financial/insurance life.
