Bearer Form

A security not registered in the issuing corporation's books but that is payable to its bearer (the person possessing it). Securities can be issued in two forms: registered or bearer. Registered form means the issuing firm keeps records of a security's owner and mails out payments to him or her. Bearer form means the security is traded without any record of ownership, so physical possession of the security is the sole evidence of ownership. Most securities issued today are in registered form.

A bearer bond, also known as a coupon bond, has coupons that must be clipped from the security and presented in order to receive interest payments. The issuer will not remind the bearer of coupon payments.

A bearer stock certificate is negotiable without endorsement and is transferred upon delivery.


Investment dictionary. . 2012.

Look at other dictionaries:

  • bearer form — Describes issue form of security not registered on the issuing ( issue) corporation s books, and therefore payable to its bearer. See also: bearer bond; coupon bond. Bloomberg Financial Dictionary also bearer Euroclear Clearing and Settlement… …   Financial and business terms

  • bearer form — also bearer The owner is not registered in the books of the issuer or of the registrar. See also bearer/registered form; registered form …   Euroclear glossary

  • bearer form — A security which runs to bearer according to its terms, not by reason of any indorsement. UCC § 8 102(l) …   Ballentine's law dictionary

  • bearer — The holder of an instrument. American Banker Glossary also bearer form Euroclear Clearing and Settlement glossary The owner is not registered in the books of the issuer or of the registrar. Euroclear Clearing and Settlement glossary See also… …   Financial and business terms

  • bearer/registered — also bearer/registered form Euroclear Clearing and Settlement glossary Securities issued in both bearer and registered form but with the same identification number. Euroclear Clearing and Settlement glossary See also bearer form; registered form… …   Financial and business terms

  • bearer/registered form — also bearer/registered Euroclear Clearing and Settlement glossary Securities issued in both bearer and registered form but with the same identification number. Euroclear Clearing and Settlement glossary See also bearer form; registered form… …   Financial and business terms

  • bearer/registered — also bearer/registered form Securities issued in both bearer and registered form but with the same identification number. See also bearer form; registered form …   Euroclear glossary

  • bearer/registered form — also bearer/registered Securities issued in both bearer and registered form but with the same identification number. See also bearer form; registered form …   Euroclear glossary

  • bearer — also bearer form The owner is not registered in the books of the issuer or of the registrar. See also bearer/registered form; registered form …   Euroclear glossary

  • bearer depository receipt — Receipt in bearer form for securities issued in a foreign market to promote trading outside the home country of the underlying securities. Euroclear Clearing and Settlement glossary …   Financial and business terms

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