Bearer bond

 

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Bearer bond

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.

Bearer bond

A bond which does not record its owner's name. Possession of the bond certificate is therefore the only proof of ownership. Dividends are claimed by submitting a detachable coupon to the paying agent.



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Bearer stocks/shares

Bearer stocks/shares

Stocks or shares which do not record owner's names and for which the companies do not keep a register of ownership. Possession of the certificate is therefore the only proof of ownership.


Bearer share

Bearer share

Security not registered on the books of the issuing corporation and thus payable to possessor of the shares. Negotiable without endorsement and transferred by delivery, thus avoiding some of the control associated with ordinary shares. Dividends are payable upon presentation of dividend coupons, which are dated or numbered. Applies mainly to international equities.




 
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