käibetõendist

Käibetõendist, also known as a bearer instrument, is a type of negotiable financial instrument where ownership is determined by possession. Unlike registered instruments, which are recorded in a specific owner's name, the holder of a käibetõendist is presumed to be its rightful owner. This means that physical possession is the sole criterion for determining who has the right to claim payment or exercise the rights associated with the instrument.

These instruments are often used for their simplicity and ease of transfer. To transfer a käibetõendist, the current holder simply needs to physically deliver it to the new owner. This lack of formal registration can make them attractive for quick transactions. However, this also means that if a käibetõendist is lost or stolen, it can be difficult to recover, as anyone who possesses it can claim ownership.

Examples of instruments that can be structured as käibetõendist include certain types of debt securities like bonds, promissory notes, and even some forms of dividend warrants. The legal framework surrounding such instruments typically specifies how they are to be issued, transferred, and what rights they confer upon the holder. Due diligence is crucial when dealing with käibetõendist to ensure the authenticity and legitimacy of the instrument and the person presenting it.