Advertising

Bearer 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.

• 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.

• Bonds for which payments are made to the bearer.

 
 

Follow this link for all the terms related to bond.

 
 Embedded terms in definition
 Agent
Bond
Book entry
Books
Book
Held
Interest payments
Interest
Issuer
Principal
Security
Type
 
 Related Terms
 

<< Bear spread Bearer security >>

Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

I am not a has-been. I am a will be. - Lauren Bacall

Advertising



Copyright 2009-2017 GVC. All rights reserved.