Bearer bond: Difference between revisions
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imported>Doug Williamson m (Split sentence in second paragraph into two) |
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A bond/security that is not registered in the name of a specific owner. The owner of the bond is the person who holds it. Thus, title to the bearer bond is transferred through delivery. | A bond/security that is not registered in the name of a specific owner. The owner of the bond is the person who holds it. Thus, title to the bearer bond is transferred through delivery. | ||
Principal and interest were historically paid, upon presentation of coupons, to a paying agent | Principal and interest were historically paid, upon presentation of coupons, to a paying agent. Nowadays bearer bonds usually operate by book entry, whereby investors buy and sell their interests in a global note representing the entire issue and held within the clearing system. | ||
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* [[Bearer instrument]] | * [[Bearer instrument]] | ||
* [[Bond]] | * [[Bond]] | ||
Revision as of 15:52, 2 August 2014
A bond/security that is not registered in the name of a specific owner. The owner of the bond is the person who holds it. Thus, title to the bearer bond is transferred through delivery.
Principal and interest were historically paid, upon presentation of coupons, to a paying agent. Nowadays bearer bonds usually operate by book entry, whereby investors buy and sell their interests in a global note representing the entire issue and held within the clearing system.
