Bearer stock financial definition of bearer stock
that contains no ownership information and whose physical bearer is presumed to be the owner
. Bearer stocks may be bought
. They are quite rare.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Securities ownership certificates that are not registered in a name. As with other bearer securities, bearer stock is a negotiable certificate that can be transferred between owners without endorsement. Bearer stock is popular in Europe but not in the United States.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive
At present, Novartis owns a third of Roche's bearer stock
6 September 2010 - Independent Research lowered today the share price target on Roche's (VTX: ROG) bearer stock
to CHF185 from CHF200 but kept its "buy" advice after the company launched a cost cutting programme on Friday.
Since bearer stock
cannot be legally sold to investors in the U.S., the satellite relationship needed for a liquid secondary market in the stock would not exist.
This added to the buyera[euro](tm)s 31.32% stake already owned before announcing the buyout offer for the rest of Escora[euro](tm)s listed bearer stock
16 September 2011 - Swiss film and home entertainment company Highlight Communications (ETR:HLG) unveiled on Friday a CHF17.50 (USD20.1/EUR14.5) per share offer to buy out the rest of the listed bearer stock
of slot machines and games developer Escor Casinos & Entertainment (SWF:ESRI).