answer: #Person1# explains the differences between Visible Certificates and Bearer Certificates to #Person2#. The former is registered and the latter isn't. They can both be cashed.
documents: #Person1#: Hello again. Have you come to a decision?
  #Person2#: I'm still not sure about these'Visible'Certificates. What's the real difference, except the amounts available?
  #Person1#: Visible Certificates are registered and the holders of these can report any loss directly to the bank. Also, they can be cashed in advance, before the maturity is up.
  #Person2#: Right. How about the Bearer Certificates? Can they be cashed before the maturity date?
  #Person1#: Unfortunately, not. You see, because they are not registered, they can be bought and sold by anyone. They also can be cashed on maturity in any nationwide financial institution.
  #Person2#: So, if I was strapped for cash, I could transfer it to get some money?
  #Person1#: Technically, yes.
  #Person2#: OK, I think I've got it.