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A bearer paper is a type of negotiable instrument or document of title that is payable to the person in possession or endorsed in blank. It is called a "bearer" because the person who holds it is considered the owner and can transfer it to another party.

An order paper specifies the name of the individual to which payment of the instrument can be made. A bearer instrument is the opposite of an order instrument, as no individual is designated. Anyone holding the bearer instrument can be paid. The most common example of an order paper is a personal check.

An order paper, or order instrument, is a negotiable instrument that is payable to a specified person or its assignee. An instrument such as an order paper is negotiable only if it is payable to the order of a specified person; meaning that it must designate an individual's name to be paid out.

cash form of money such as a cheque, bill of exchange, promissory note, traveller's cheque, bearer bond, money order or postal order. BNIs often include the instruction 'pay to the bearer'.

Any document such as a bond, cheque, or share that is considered to be owned by the person who has it in their possession, rather than by a named person: To qualify as a holder, a person must possess bearer paper that has been properly endorsed.

If an instrument is payable to order, such as ?pay to the order of,? it is known as order paper. To be negotiated, order paper must be endorsed by the payee and delivered to the party to whom it is transferred.

Anyone holding something, such as a check, promissory note, bank draft, or bond. This becomes important when the document (generally called a "negotiable instrument") states it is "payable to bearer," which means whoever holds this paper can receive the funds due on it.