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 ?
Then it crossed my mind that I was holding bearer bonds.
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.
The trust is raising money through Deeds of Covenant, at a cost of the price of a pint of beer per week, a pounds 500,000 4pc unsecured bearer bonds issue and sponsorship agreements.
This section describes the two forms and explains why secondary-market transactions were usually settled with bearer bonds.
The A1 Steam Locomotive Trust, the registered charity behind the project, has launched a pounds 500,000, four per cent unsecured bearer bonds issue to accelerate the completion of all-new express passenger steam locomotive No.
Borrowing: Finally, local authorities have access to capital markets and may borrow or issue bearer bonds to finance gaps between expenditures and revenues.
However, after lucking into $20 million in negotiable bearer bonds, the foursome finds the mob on their tail, in the person of fire-and-brimstone preacher Surtayne (Berkoff, in a greaser hairdo and outlandish accent).
Most of the increase of the total assets in 1999 was placed in equities, units and primary capital certificates while in 2000 there was an increase in investments in certificates and bearer bonds, the state statistics office says.
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.