A bearer bond is a debt security issued by a business entity, such as a corporation, or by a government. It differs from the more common types of investment securities in that it is unregistered – no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument. This is useful for investors who wish to retain anonymity. Recovery of the value of a bearer bond in the event of its loss, theft, or destruction is usually impossible. Some relief is possible in the case of United States public debt.
Read more about Bearer Bond: History, National Policy and Practice
Famous quotes containing the words bearer and/or bond:
“The bearer of evil tidings,
When he was halfway there,
Remembered that evil tidings
Were a dangerous thing to bear.”
—Robert Frost (1874–1963)
“When the bond of love broke,
the respect born of affection withered,
good feelings fled,
and that man walked before me
like any other,
Good Friend,
I imagine all this,
think on days gone by
and wonder why
my heart hasn’t cracked
into a hundred bits.”
—Amaru (c. seventh century A.D.)