bearer bonds


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Bearer Bond

A bond containing no ownership information and, therefore, the physical holder is presumed to be the owner. Coupons on bearer bonds are physically attached to the bonds and must be presented to the issuer to receive interest payments. Bearer bonds have not been issued in the United States since 1982, thus making them significantly less important. See also: Clip.

bearer bonds

FINANCIAL SECURITIES which are not registered under the name of a particular holder but whose possession serves as proof of ownership. Such securities are popular in the US financial system but fairly rare in the UK, where the names of holders of STOCKS and SHARES are recorded in a company's SHARE REGISTER.

bearer bonds

FINANCIAL SECURITIES that are not registered under the name of a particular holder but where possession serves as proof of ownership. Such securities are popular in the American financial system but fairly rare in Britain, where the names of holders of STOCKS and SHARES are recorded in a company's share register.
References in periodicals archive ?
Belgium had long permitted the issuance of bearer bonds ("titres au porteur"), widely used to transfer wealth between generations and to avoid taxes.
The use of these securities has been declining since the passage of the Tax Equity and Fiscal Responsibility Act of 1982, which effectively eliminated the issuance of municipal bearer bonds.
Bearer bonds were issued in a variety of denominations.
The four-year bearer bonds carry a coupon of 17% and can be redeemed at any time.
The owner is said to have put unreported income in bank deposits or used it to buy bearer bonds.
Through the monetary approach those activities of the black economy are estimated that are financed through the use of currency and bearer bonds.
Meanwhile, two-thirds of the bondholders must approve any restructuring and those bonds, Young said, are bearer bonds traded on the Luxembourg exchange.
They are of two types: registered & Bearer Bonds.
dollars ("USD Notes") and Altria Finance's bearer bonds denominated in Euros ("EUR Bonds"), in each case listed in the tables below (collectively, "Notes").
DANISH BEARER BONDS THE Stansted deal involved PS6.
Treasury records, it shows an estimated $105 billion in bearer bonds have yet to be surrendered, and most matured more than five years ago, he said, noting that the US Treasury stopped issuing bearer bonds in 1982.