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bearer bond


Definitions from WordNet

Noun bearer bond has 1 sense
  1. coupon bond, bearer bond - a bond issued with detachable coupons that must be presented to the issuer for interest payments
    --1 is a kind of bond, bond certificate

Definitions from the Web

Term: Bearer Bond

Definition: A bearer bond is a type of bond that is owned by the person who physically holds the bond certificate, rather than having ownership recorded electronically.

Sample Sentences:

- I bought a bearer bond, so now I need to keep it in a secure place.

- Bearer bonds can be transferred simply by physically handing over the certificate.

- The company issued bearer bonds to raise capital for its expansion plans.

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