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bearer bond

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.17 sec.

bearer bond

Financial instrument that is legally owned by whoever possesses it. This is unusual for financial securities because they normally require registration in the owner's name and registration in the case of transferral. Eurobonds are examples of bearer bonds. As ownership passes with possession, bearer bonds are usually kept in a secure place, such as a bank deposit box.



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However, this provision raises the same issue as with TINs: when an exempt bearer bond is sold through a broker or redeemed, the gross proceeds will be (and always have been) subject to information reporting and backup withholding (unless the holder is foreign or an exempt recipient).
Information reporting for 2006 exempt interest by Levy, Marc / The Tax Adviser
Definitive municipal securities are registered or bearer bonds that have been issued by state and local governments with interest coupons in certificated or physical form.
Proposal to discontinue services for definitive municipal securities by Federal Reserve Bulletin
Meanwhile, two-thirds of the bondholders must approve any restructuring and those bonds, Young said, are bearer bonds traded on the Luxembourg exchange.
Top creditors express confidence in Rock Ctr by Weiss, Lois / Real Estate Weekly
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