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 ?
Also, the bond holders can avail cash payment against encashment of Rs40,000 bearer bonds in their bank accounts.
The Finance Ministry said the Rs40,000 bearer bond can be converted to premium prize bonds that are registered with the government.
The undeniable truth is that authenticated bank bearer bonds worth $9,750,000,000, that's nine billion seven hundred and fifty million US dollars according to the gold price of today, owned by a Cypriot company, issued on the back of German sovereign debt that remains unsettled.
A bearer bond is a debt security issued by a business or government.
Then it crossed my mind that I was holding bearer bonds. They are, as far as I know, the property of whoever has them in his hands.
At Holly's Christmas party, a group of German terrorists, led by Hans Gruber (Alan Rickman), enter the building and take everyone hostage hoping to steal the millions in negotiable bearer bonds that are in the safe.
In the film Die Hard, one of the more realistic aspects of the plot was the terrorists' plan to steal bearer bonds from the secure vault of the Nakatomi Plaza.
In the largest mugging in history, a knifeman steals bearer bonds worth pounds 292m from a courier.
Exempt OID and bearer bonds: Although it generally has not been possible to issue exempt bonds in bearer form since 1982, older exempt bonds in bearer form may still be in circulation.
The signature could be applied to any paper-based printed products such as high value tickets, ballot papers, cheques and bearer bonds.
The world record for a mugging happened on the streets of London and stands at pounds 292 million in bearer bonds which were quickly cancelled.
In late February, the Federal Reserve Board approved a proposal that Reserve Banks no longer provide services to financial institutions for collecting and processing definitive municipal securities, which are registered or bearer bonds issued by state and local governments with interest coupons in physical form.