bearer certificate
noun[C]
BANKING,FINANCEukus(alsobearer note)adocumentshowingownershipof abondorshare, which isconsideredto be thepropertyof thepersonwho has it intheirpossession,ratherthan of anamedperson:
Lawenforcementofficialshavecomplainedthat theabilitytoholdstockinbearercertificateformmakes it hard toinvestigateillegaloperations.