Just watched Die Hard and in the film the excellent antagonist Hans Gruber is trying to steal over $600 million in German bearer bonds from the Nakatomi corporation. It occurred to me that I have no idea what they are or why a company would have them.
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All cash functions as a bearer bond.
My $20 bill is a bearer bond issued by the Treasury that is accepted for all debts public or private.
If you steal my $20 bill, and I cannot prove you did it, that $20 bill is yours to spend as you please.
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