beare

BEARER. One who bears or carries a thing.
     2. If a bill or note be made payable to bearer, it will pass by 
delivery only, without endorsement; and whoever fairly acquires a right to 
it, may maintain an action against the drawer or acceptor. 
     3. It has been decided that the bearer of a bank note, payable to 
bearer, is not an assignee of a chose in action within the 11th section of 
the judiciary act of, 1789, c. 20, limiting the jurisdiction of the circuit 
court. 3 Mason, R. 308. 
     4. Bills payable to bearer are contra-distinguished from those payable 
to order, which can be transferred only by endorsement and delivery. 
     5. Bills payable to fictitious payees, are considered as bills payable 
to, bearer.