bearer bond definition

bearer bond

Bond whose owner's name is not on record with the bond issuer. Interest accrued on bearer bonds is paid to whoever presents the attached coupons, and the principal is paid to whoever presents the bond for redemption. Ownership (title) of this type of bond can pass from hand to hand by simple delivery, just like a currency note or a bearer check. See also registered bond.

bearer bond is in the Investing and Securities & Futures Trading subjects.

bearer bond appears in the definitions of the following terms: coupon, negotiable instrument, coupon bond, bond classification and registered bond

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