Bearer bond: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add context.)
imported>Doug Williamson
m (Categorise.)
 
Line 13: Line 13:
* [[Security]]
* [[Security]]
* [[Transfer]]
* [[Transfer]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Latest revision as of 09:33, 24 July 2019

Transferable securities.

A bearer bond is 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.


See also