Bearer security: Difference between revisions

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-A financial instrument title to which passes by delivery, so that whoever holds the instrument from time to time owns it absolutely. This means a person dealing with the bearer of a bearer security need not worry herself about its provenance, the ''bona fides'' of the bearer or the plausibility to the bearer's right to the asset. You got it, you own it.
+{{g}}A [[financial instrument]] title to which passes by delivery, so that whoever holds the instrument [[from time to time]] owns it absolutely.
-This makes bearer instruments great stores of liquid value ({{tag|cash}} is the example ''par excellence'' of a bearer instrument, though it is not a “security” as such), but not so good for representing ownership of assets which imply obligations as well as entitlements, or where it is important to the issuer of the instrument who holds them from time to time, such as [[equity securities]], which imply both. Equities are almost never issued in bearer form.
+This means a person dealing with the “bearer” of a [[bearer security]] need not worry herself about its provenance, the ''''bona fides'''' of the bearer or the plausibility of the bearer’s right to the asset.
+You ''got'' it, you ''own'' it.
+This makes [[bearer instrument]]s great stores of liquid value ({{tag|cash}} is the example ''par excellence'' of a bearer instrument, though it is not a “[[security]]” as such), but not so good for representing ownership of assets which imply obligations as well as entitlements, or where it is important to the issuer of the instrument who holds them from time to time, such as [[equity securities]], which imply both. [[Equities]] are almost never issued in bearer form.
 Title transfer by delivery makes bearer instruments hard to track and tax, meaning they are not popular with [[Internal Revenue Service|taxing authorities]] or [[money laundering reporting officer]]s.
-The rise of electronic transfer means the scope for truly anonymous financial instruments is progressively limited, though this didn't stop those hearty [[DLT]] refuseniks having a good old bash with [[bitcoin]].
+The rise of electronic transfer means that secureities are now in [[dematerialised]] form, and the scope for true anonymity of [[financial instruments]] is progressively limited, though this didn't stop those hearty [[DLT]] refuseniks having a good old bash with [[bitcoin]].
 {{seealso}}
+*[[Dematerialised security]]
 *[[Negotiable instrument]]
 *[[Transferable security]]
 *[[Bitcoin]]