What is “non negotiable bearer bonds” and what would Hans Gruber have been able to to with all those bearer bonds?

Question

I was born in early 2000’s and have not heard yet in any form or type. Also I wonder how much would it worth in today’s currency?

In: Economics

Answer 1

If I recall correctly a check is a non negotiable bearer bond. Even if the check is written out to person A, person B can legally cash the check. Banks may have policies against it, but if person B cashes the check no law is broken.