FT MarketWatch

Bearer bond

An unregistered, negotiable bond on which Interest and Principal are payable to the holder, regardless of whom it was originally issued to. The coupons are attached to the bond, and each Coupon represents a single Interest payment. The holder submits a coupon, usually semi-annually, to the Issuer or paying Agent to receive payment. Bearer bonds are being phased out in favor of registered bonds. also called Coupon bond.

Related Terms: 17 ACH, Agent, Bearer, Bearer bond, Bear, Call, Coupon, Coupon bond, Issuer, Interest, Inc., ITS, Paying agent, Principal, Register, Sue, Single
Other Related Pages: Category: Bonds Starting With: B
Additional Related Terms: ACH, Agent bank, Accrual bond, Accrual of discount, Accrued interest, Accumulation bond, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond