Coupons representing interest payments are likely to be physically attached to the security and it is the bondholder's responsibility to submit the coupons for payment. As with registered bonds, bearer bonds are negotiable instruments with a stated maturity date and coupon interest rate.
Bearer bonds are getting harder and harder to find these days, especially within developed economies. While they are fairly common in many parts of the world (mainly places where anonymity is an issue), the fact that little protection or recourse exists for holders against issues such as theft has taken away their applicability in recent decades. Furthermore, most bond instruments aren't even physically issued anymore, but exist only in the computerized records of brokers and custodians.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
bearer bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Bearer bond — A bearer bond is different from normal stock in that it is unregistered ndash; no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the bearer bond papers owns the stock or corporation. This is… … 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. The New … Financial and business terms
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.… … Financial and business terms
bearer bond — bearer security … Accounting dictionary
bearer bond — / beərə bɒnd/, bearer security noun a bond which is payable to the bearer and does not have a name written on it … Dictionary of banking and finance
bearer bond — noun a bond issued with detachable coupons that must be presented to the issuer for interest payments • Syn: ↑coupon bond • Hypernyms: ↑bond, ↑bond certificate * * * a bond not registered in anyone s name and payable to whoever possesses it. Cf.… … Useful english dictionary
bearer bond — a bond not registered in anyone s name and payable to whoever possesses it. Cf. registered bond. [1910 15] * * * … Universalium
bearer bond — bear′er bond n. ban bus a bond not registered in anyone s name and payable to whoever possesses it • Etymology: 1910–15 … From formal English to slang
bearer bond — noun Bearer bonds are negotiable instruments that must be safeguarded by the owner to prevent loss.Interest is paid by coupon redemptions … Wiktionary