Negotiable instruments payable "to bearer" are considered the safest form.

Question

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Negotiable instruments payable "to bearer" can be transferred from one person to another simply by handing it over, without any need to endorse it. This makes them risky as they can be lost or stolen and easily passed on to someone else. Instruments payable "to order" require endorsement and can only be transferred to someone specifically named, making them more secure.

Negotiable Instruments Payable "To Bearer" Are Considered the Safest Form