BEARERBOND

Bearer bond

A bearer bond is a debt security issued by a business entity, such as a corporation, or by a government. It differs from the more common types of investment securities in that it is unregistered – no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument. This is useful for investors who wish to retain anonymity. Recovery of the value of a bearer bond in the event of its loss, theft, or destruction is usually impossible. Some relief is possible in the case of United States public debt.

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bearer bond

Noun

  1. Bearer bonds are negotiable instruments that must be safeguarded by the owner to prevent loss.
    Interest is paid by coupon redemptions.


The above text is a snippet from Wiktionary: bearer bond
and as such is available under the Creative Commons Attribution/Share-Alike License.

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