Bearer bond


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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 ?
30/9 31/12 31/3 1998 1998 1999 Cash and bank deposits 4 353 3 824 3 499 Norwegian bearer bonds 44 543 37 662 41 160 Loans to the private sector and municipalities 4 290 4 940 5 350 Other specified assets 24 902 19 455 22 255 Total assets 78 088 65 881 72 264 30/6 30/9 1999 1999 Cash and bank deposits 5 929 5 661 Norwegian bearer bonds 42 959 41 900 Loans to the private sector and municipalities 5 430 5 490 Other specified assets 21 401 21 704 Total assets 75 719 74 754
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.
30/9 31/12 31/3 30/6 30/9 1999 1999 2000 2000 2000 Cash holdings and bank deposits 3 175 4 097 2 683 2 672 2 602 Total loans 190 593 191 493 164 151 165 927 168 556 Of which: To the private sector and municipalities 186 193 189 652 162 323 164 086 166 698 Other claims on the Treasury 3 136 806 806 Other assets 10 431 9 999 8 353 7 107 8 352 Total assets 207 335 206 395 175 993 175 706 179 510 Bearer bond issues 27 148 28 652 84 79 61 Of which: In Norwegian kroner 27 148 28 652 84 79 61 In foreign currency -- -- -- -- -- Other loans 161 752 162 602 165 548 165 707 168 212 Of which: Treasury 161 288 162 309 165 462 165 707 168 212 Other liabilities, etc.
30/6 30/9 1999 1999 Cash holdings and bank deposits 2 592 3 032 Total loans 188 086 190 557 Of which: To the private sector and municipalities 184 225 186 191 Other claims on the Treasury 3 136 3 136 Other assets 9 434 10 442 Total assets 203 248 207 167 Bearer bond issues 25 997 27 150 Of which: In Norwegian kroner 25 997 27 150 In foreign currency -- -- Other loans 159 367 161 720 Of which: Treasury 159 113 161 256 Other liabilities, etc.
31/3 30/6 30/9 1999 1999 1999 Cash holdings and bank deposits 3 071 2 592 3 032 Total loans 187 652 188 086 190 557 Of which: To the private sector and 183 547 184 225 186 191 municipalities Other claims on the treasury 3 136 3 136 3 136 Other assets 10 539 9 434 10 442 Total assets 204 398 203 248 207 167 Bearer bond issues 22 634 25 997 27 150 Of which: In Norwegian kroner 22 634 25 997 27 150 In foreign currency 0 0 0 Other loans 158 951 159 367 161 720 Of which: Treasury 158 593 159 113 161 256 Other liabilities, etc.
For instance, travellers' cheques and bearer bonds that can be converted into cash can be carried by travellers entering or leaving the UAE, ranging from Dh40,000 to Dh100,000, or an equivalent amount in foreign currencies.
Weak controls in the financial sector, porous borders, bearer bonds, casinos, unregulated exchange houses, lax or no enforcement of cross-border transportation of currency and negotiable instruments disclosures, ineffective and/or corrupt customs inspectors and police, trade-based value transfer, underground remittance systems, and minimal enforcement activity for financial crimes allow money launderers, transnational criminal syndicates, and possibly terrorism financiers to take advantage of Paraguay's financial system.
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.
Each tranche comprises 500 convertible notes in the form of bearer bonds each with a nominal value of EUR 1,000 and transferrable only upon approval of the company.