bearer bond


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.

Use bearer bond in a sentence

You may want to try and get an investment in a bearer bond if you want to have some low risk investments.

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The conman strolled in with a stack of the bearer bond coupons and was paid out before Grandma Lee even arrived.

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The bearer bond was very important and we knew that we had to take it, so I talked to my cousin, who knew all about it.

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