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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.

 
 

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

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