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
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