Meaning
A bearer bond is a debt security not registered in the owner’s name, meaning whoever holds it physically owns it.Definition
A bearer bond is a debt instrument where the owner is the person who physically holds the bond certificate, rather than having their name registered with the issuer.How It Works
The individual possessing the physical bond certificate or its attached coupons can claim interest payments or the principal amount at maturity simply by presenting them.Characteristics
Key features include anonymity, the absence of a registered owner, and the physical nature of the certificate itself, making transfer of ownership straightforward.Author
