bearer bonds

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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005