bond that is presumed to be owned by the person who holds it. Since 1983, tax-exempt bonds may not be issued in bearer form, with the exception of obligations maturing in one year or less or obligations of a type not generally offered to the public. Compare: REGISTERED BOND.
A bond made payable to its holder. The opposite of a registered bond.
Security issued with small detachable certificates entitling the holder to the interest due. Also known as Coupon Bond.
Bonds issued with detachable coupons that must be presented to a paying agent or the issuer for semiannual interest payments. Also known as Coupon Bond. Securities are no longer issued in this format, but instead are issued as registered bonds or book entry. See Bond Form.
A bond for which an owner's name is not registered on the books of the issuing company; bond proceeds and interest are therefore payable to the holder of the bond.
a bond issued with detachable coupons that must be presented to the issuer for interest payments
A bond which can be redeemed by whoever presents it at the redemption date, rather than by the person who owns it.
A bond that is not registered as to principal or interest in the name of a particular owner. A bearer bond is as easily transferable as cash. The interest coupons from bearer bonds are payable to any holder.
A bond that has no identification of an owner. The owner of the bond is the entity that holds the bond.
A bond not registered by an issuing company
The typical form in which municipal bonds used to be issued. Ownership is not registered, so the holder is presumed to be the owner. Because bearer bonds are fully negotiable, owners should take great care to provide for their safekeeping.
While new issues are rare because of a change in the tax law, the principal and interest on the bond is payable to whoever has possession. On the other hand, the ownership of a bond in registered form is recorded with a bank, the issuer, etc.
Bonds that are not registered on the books of the issuer. The owner receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent. These types of bonds are no longer issued.
A bond t provides for interest and principal to be paid to the bearer; an unregistered bond. See coupon bond and registered bond.
Is a security which does not have the owner's name on the certificate. Interest and principal are paid to the person presenting the attached coupons to the agents for payment. This type of ownership compares to registered or book entry form.
A bond which does not have the owner's name registered with the issuer and which is payable to the owner.
a bond that is unregistered and therefore payable to whomever is in physical possession. Coupons are affixed to the bond itself. The holder / owner of the bond sends in one of the coupons at a set time and receives an interest payment for the bond. Also see coupon bond.
A debt security whose owner is not registered in the records of the security's issuing authority, i.e., there is no owner of record. These securities can be purchased and sold without necessarily leaving ownership evidence. Interest on such securities is paid upon presentation of coupons that were originally attached to the securities. Government tax policies are forcing the discontinuation of this form of security.
A bond that does not have the owner's name registered on the books of the issuer. Interest and principal, when due, are payable to the owner upon presentation of the bond (or a coupon attached to the bond).
A bond that is payable to the person having possession.
A bond that is not registered in the name of the owner, so the holder of the bond is presumed to be the owner.
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.
A bearer bond has coupons attached, which the bearer of the bond presents on the interest date for payment. Bearer securities are freely negotiable since ownership can quickly be transferred from seller to buyer on delivery of the bond.
A security whose owner is not registered on the books of the issuer and which is, therefore, payable to the person possessing the bond. A bearer bond has coupons attached, which the bondholder sends in or presents on the interest date for payment. Bearer stock certificates are negotiable without endorsement.
A bond which does not have the owner's name registered on the books of the issuer. Interest is paid by means of attached coupons. Interest and principal, when due, are payable to the holder. (vs. Registered). See: Certificate.
A bond presumed to be owned by its holder, who collects interest by presenting one of the detachable interest coupons to the agent's issuer or bank.
A bond for which the owner's name is not registered on the books of the issuing company. Interest and principal is thus payable to the bondholder.
A bond that has no owner's name registered on the books of the issuing company and is therefore payable to the holder.
A security, usually a bond, that does not have the owner's name registered on the books of the issuer or on the certificate. Interest and principal, when due, are payable to the person in possession of the bond.
A bond that does not have the owner's name registered on the books of the issuer. Interest and principal, when due, are payable to the holder. (See: Coupon Bond, Registered Bond)
A bond that is not registered with the issuer and is presumed to be owned by the person who holds the bond. Bearer bonds are freely negotiable and quickly transferable.
This bond does not have an owner's name on it and is therefore payable to the holder.
A bond that does not have the owner's name registered on the books of the issuing corporation and is payable to the bearer.
A bond that has no identification as to ownership. Interest is payable upon receipt of detached semiannual coupons. Bearer bond issuance was terminated in 1983.
A bond for which ownership is evidenced by possession of a certificate.
Not registered in anyone's name. Rather, whoever holds the bond (the "bearer") is entitled to collect interest payments merely by cutting off and mailing in the attached coupons at the proper time.
A bond made payable to its holder (bearer), as it is not registered in anyone’s name. These are no longer being issued.
A bond that has no identification of the owner of the security. It is presumed to be owned by the bearer or the person who holds it. It was much sought after because of the ease of transferring or gifting. All bonds issued prior to June 1983 were bearer bonds; since then, they have been issued in Registered Bond form.
Unlike most bonds issued in the US since 1983, which are registered electronically, a bearer bond is a certificate that states the security's par value and the rate at which its interest will be paid. The bond may come with detachable coupons that must be presented to the issuer to receive the interest payments, which explains why a bond's interest rate is often referred to as its coupon rate. A bearer bond isn't registered, and there's no record of ownership, which means it can be sold or redeemed by the person or organization that holds it. Similarly, whoever presents a coupon is entitled to an interest payment.
A bearer bond or bearer security is a certificate that represents a bond obligation of, or stock in, a corporation or other intangible property. It has been illegal to issue bearer bonds in the municipal or corporate markets in the United States since 1982. Wyoming and Nevada still allow them, however their typical uses of shifting ownership to avoid legal obligations run afoul of tax rules.