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bearer bond

noun
1.
a bond not registered in anyone's name and payable to whoever possesses it.
Compare registered bond.
Origin
1910-1915
1910-15
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for bearer bond
  • The process depends on whether the bond is a bearer bond or registered bond.
  • Whoever physically holds the bearer bond papers owns the stock or corporation.

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8
9
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