Bearer bond


Also found in: Dictionary, Thesaurus, Wikipedia.

Bearer bond

Bonds that are not registered on the books of the issuer. Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent.

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 bond

A debt instrument that does not have an owner name listed in the issuer's books or inscribed on the certificate. Because no record of ownership exists, bearer bonds are favored by investors who, illegally, want to avoid paying gift, estate, and local taxes. The issuance of new municipal bonds in bearer form was prohibited beginning in 1983. Also called coupon bond. See also coupon clipping.

Bearer bond.

A bearer bond is a certificate that states the security's par value, the rate at which interest will be paid, and the name of the bond's owner.

In the past, bearer bonds came with detachable coupons that had to be presented to the issuer to receive the interest payments. That practice explains why a bond's interest rate is often referred to as its coupon rate.

Unlike most bonds issued in the United States since 1983, which are registered electronically, a bearer bond isn't registered, and there's no record of ownership. This means it can be sold or redeemed by the person or organization that holds it.

Bearer Bond

A bond that has no owner's name registered on the books of the issuing company and is therefore payable to the holder.
References in periodicals archive ?
This section describes the two forms and explains why secondary-market transactions were usually settled with bearer bonds.
In both cases, it can be seen that the variable interest rate on time deposits shows that the correct negative sign has turned out to be significant at 1 percent in the case of currency to M2 ratio and the currency bearer bond ratio with hypothesised signs.
2) Bearer bonds, savings bonds, premium bonds, notes and short-term Treasury notes.
1 163 1 125 1 402 1 311 1 063 Other bearer bonds 26 307 22 725 30 705 31 465 31 216 Loans to: Financial enterprises 6 101 8 110 10 950 12 583 14 403 Private sector and municipalities 89 971 93 270 128 080 132 217 133 858 Other sectors 15 455 15 389 16 706 15 670 13 010 Other assets 4 067 4 208 3 868 2 613 751 Total assets 155 244 147 678 201 436 206 210 216 124 Notes and certificates 32 418 21 676 37 433 28 562 33 145 Bearer bond issues in NOK(1) 33 614 32 506 60 284 60 612 59 269 Bearer bond issues in foreign currency(1) 52 930 55 479 57 843 63 396 58 490 Other funding 23 746 25 400 32 035 38 038 50 062 Equity capital 8 626 9 758 9 875 10 673 10 678 Other liabilities 3 920 2 859 3 966 4 929 4 480 Total liabilities and capital 155 244 147 678 201 436 206 210 216 124
353 1 163 1 125 Other bearer bonds 23 207 26 306 22 725 Loans to: Financial enterprises 4 799 6 101 8 110 Private sector and municipalities 95 660 89 971 93 270 Other sectors 15 788 15 455 15 389 Other assets 531 4 069 4 208 Total assets 153 101 155 245 147 678 Notes and certificates 27 285 32 418 21 676 Bearer bond issues in 35 425 33 614 32 506 NOK(1) Bearer bond issues in 49 815 52 930 55 479 foreign currency(1) Other funding 28 656 23 746 25 400 Equity capital 8 596 8 572 9 758 Other liabilities 3 324 3 965 2 859 Total liabilities and capital 153 101 155 245 147 678 31/3 30/6 2000 2000 Cash and bank deposits 2 959 5 460 Notes and certificates 6 748 4 891 Bonds issued by govt.
1 237 353 Other bearer bonds 24 560 23 207 Loans to: Financial enterprises 245 4 799 Private sector and municipalities 95 326 95 660 Other sectors 14 756 15 788 Other assets 1 410 531 Total assets 149 659 153 101 Notes and certificates 25 037 27 285 Bearer bond issues in NOK(1) 36 166 35 425 Bearer bond issues in foreign currency(1) 47 987 49 815 Other funding 28 830 28 111 Equity capital 8 596 8 542 Other liabilities 3 043 3 923 Total liabilities and capital 149 659 153 101 30/9 31/12 1999 1999 Cash and bank deposits 3 475 2 002 Notes and certificates 8 705 849 Bonds issued by govt.
30/9 31/12 31/3 1998 1998 1999 Cash holdings and bank deposits 3 189 3 313 3 071 Total loans 181 911 187 763 187 652 Of which: To the private sector and municipalities 177 954 180 019 183 547 Other claims on the Treasury 3 042 3 136 3 136 Other assets 11 286 13 076 10 539 Total assets 199 428 207 288 204 398 Bearer bond issues 16 107 20 161 22 634 Of which: In Norwegian kroner 16 087 20 161 22 634 In foreign currency 20 0 0 Other loans 155 769 158 871 158 951 Of which: Treasury 155 146 156 193 158 593 Other liabilities, etc.
The Supervisory Board of Sberbank of Russia has decided to make changes to the Programme for certificated non-convertible exchange-traded bearer bonds with mandatory central storage series BO-01 BO-51 with a nominal value of RUB 500 bln, which were registered and admitted to trading on the MICEX Stock Exchange on January 10, 2013.
Pamela Young enjoys her easy life with her friends, aptly named the Band of Friends, until her life does a one-eighty when stolen bearer bonds mysteriously come into her possession.
THE DISPUTE originated in the 1920's when Germany issued series of bearer bonds in the USA for revitalition of its economy following the devastating effects of WWI.
Coats was due to be paid back PS100,000 for an PS85,000 investment and PS2million in bearer bonds when the deal was done.