Bearer-bond meaning

A bond issued as a paper certificate without a registered owner and payable to the holder.
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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.
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(law) Bearer bonds are negotiable instruments that must be safeguarded by the owner to prevent loss.Interest is paid by coupon redemptions.
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