bearer paper
noun[U]
BANKING,FINANCEukusanydocumentsuch as abond,cheque, orsharethat isconsideredto beownedby thepersonwho has it intheirpossession,ratherthan by anamedperson:
Toqualifyas aholder, apersonmustpossessbearerpaperthat has beenproperlyendorsed.