bearer-bond

bearer bond

noun
a bond not registered in anyone's name and payable to whoever possesses it.
Compare registered bond.


Origin:
1910–15

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
bearer bond

noun
a bond issued with detachable coupons that must be presented to the issuer for interest payments [syn: coupon bond
WordNet® 3.0, © 2006 by Princeton University.
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