Bearer Bond is a bond that has no identification of the owner of the security. It is presumed to be owned by the bearer or the person who holds it. It was much sought after because of the ease of transferring or gifting. All bonds issued prior to June 1983 were bearer bonds; since then, they have been issued in Registered Bond form. Before July 1983, municipal securities were issued for the most part in certificate form with coupons attached. Some of these so-called "bearer bonds" are still available in the marketplace. The issuer has no record of who owns these bonds. The owner clips the coupons and collects the interest from the issuer's paying agent. Transferring the bonds requires physical delivery and payment.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bearer bond. Retrieved September 28, 2026, from http://smartdefine.org/bearer_bond/definitions/1148496 |
| Chicago | Barry Goldsmith. 2010. "bearer bond" http://smartdefine.org/bearer_bond/definitions/1148496 (accessed September 28, 2026). |
| Harvard | Barry Goldsmith 2010, bearer bond, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/bearer_bond/definitions/1148496>. |
| MLA | Barry Goldsmith. "bearer bond" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/bearer_bond/definitions/1148496> |