Definition

The lucky soul or entity holding a financial instrument—basically, whoever has the cheque or bond wins the prize. A fancy legal term for 'the person who currently possesses this money-promising document.'

Example Usage

The bearer bond became worthless after the company filed for bankruptcy.

Source: Merriam-Webster via Free Dictionary API

Related Terms

Beginner

duty-free

Products sold without government taxes at airports and border zones, creating the illusion of amazing deals while you're trapped in transit. The magical land where alcohol and perfume become 'affordable' because customs duties don't apply. Convinces travelers they're saving money while spending it on things they didn't need in the first place.

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internal controls

Processes and procedures designed to prevent fraud, errors, and general financial chaos within an organization. They're like locks on doors—ineffective if someone with a key decides to rob the place, but they keep honest people honest.

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depreciate

To decline in value over time, or to belittle something—the financial equivalent of watching your investment slowly deflate like a sad balloon.

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monetary

Anything related to money, currencies, or the financial systems designed to control how much you're allowed to have. Central banks get very excited about this word.

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pay

The monetary compensation you receive for trading your time, talent, and sanity—or the act of transferring money to settle debts and obligations. It's the transactional core of capitalism.

💰 Finance / Accounting
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savings bond

A low-risk debt security issued by a government (typically the U.S. Treasury) that pays interest over time, designed to encourage personal savings. Bonds are purchased at a discount and increase in value until maturity.

💰 Finance / Accounting

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