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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.