Bearer check

Bearer check,

Definition of Bearer check:

  1. A cheque made payable to the bearer, rather than to a named recipient.

  2. Check marked Cash, The bearer or other words to the effect, but without the name of the entity to whom it is to be paid (its payee). Such checks (and drafts) are payable to anyone who presents them, usually over the counter of the paying bank. Also called bearer draft.

Meaning of Bearer check & Bearer check Definition