bearer bond

bearer bond definition - finance
A bond whose ownership is evidenced by whoever is holding it. The corporation that issued the bond pays the bearer the interest payments and ownership is not otherwise recorded. This contrasts with a registered bond, whereby the company issuing the bond knows who the owner is.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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