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  1. Bearer Instrument
    1. References

Bearer Instrument

A bearer instrument is a financial product in which ownership is not account-based but held by either physical or digital possession.

Physical currency is a bearer instrument.

Unhosted crypto wallets are bearer instruments for whoever holds their associated private key.

References

  1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625.
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