bearer bond
Definition
An unregistered, negotiable bond on which interest and principal are payable to the holder, regardless of whom it was originally issued to. The coupons are attached to the bond, and each coupon represents a single interest payment. The holder submits a coupon, usually semi-annually, to the issuer or paying agent to receive payment. Bearer bonds are being phased out in favor of registered bonds. also called coupon bond.
Cite this definition
'bearer bond
' appears in the definitions of these terms on BusinessDictionary.com
bond classification, registered bond, negotiable instrument
Related Research Articles from the InvestorGuide.com University
Advanced Bond ConceptsLearn about callable and non-callable bonds, zero-coupon bonds, secured and unsecured bonds, tax-deferred bonds, put provisions, and other advanced bond concepts.
Basic Bond ConceptsRead about the most important fundamental concepts of bonds, including par value, maturity, coupon, nominal and current yield, yield to maturity, and duration. We also explain what the various bond ratings mean.
Introduction to BondsThis asset class plays an important role in most investors' portfolios, and the basic concepts are important for every investor to know. Here we explain how bonds work, and we describe the different types of bonds, including corporate, municipal, treasury, agency, zero-coupon, and junk bonds.
Featured Sponsor
|