bearer security

= bearer bond
A security for which proof of ownership is possession of the security certificate; this enables such bonds to be transferred from one person to another without registration. No register of ownership is kept by the company in whose name it is issued. This is unusual as most securities are registered, so that proof of ownership is the presence of the owner's name on the security register. Eurobonds are bearer securities, enabling their owners to preserve their anonymity, which can have taxation advantages. Bearer bonds are usually kept under lock and key, often deposited in a bank. Dividends are usually claimed by submitting coupons attached to the certificate.

Accounting dictionary. 2014.

Look at other dictionaries:

  • bearer security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bearer security …   Law dictionary

  • bearer security — A security whose owner is not registered on the books of the issuer. Exchange Handbook Glossary * * * bearer security bearer security ➔ security * * * bearer security UK US noun [C] (plural bearer securities) BANKING, FINANCE ► a bond or share… …   Financial and business terms

  • bearer security — bearer bond A security for which proof of ownership is possession of the security certificate; this enables such bonds to be transferred from one person to another without registration. This is unusual as most securities are registered, so that… …   Big dictionary of business and management

  • bearer security — /ˈbɛərə səˌkjurəti/ (say bairruh suh.kyoohruhtee) noun a security, usually money market security, which bears the instruction to pay the face amount of the security to the bearer of that security on its maturity. Also, bearer bill, bearer bond …   Australian English dictionary

  • bearer security — A security which runs to bearer according to its terms and not by reason of any indorsement. UCC § 8 102(l)(d) …   Ballentine's law dictionary

  • bearer security — Fin a share or bond that is owned by the person who possesses it. Such as security, for example, a eurobond, can therefore change hands without registration and so protect the owner’s anonymity …   The ultimate business dictionary

  • identifiable bearer security — ( TPI) Euroclear Clearing and Settlement glossary Based on the French legal framework, it is a service in Euroclear France that allows an issuer of bearer securities to request and obtain a list of, all or part of, securities holders registered… …   Financial and business terms

  • identifiable bearer security — (TPI) Based on the French legal framework, it is a service in Euroclear France that allows an issuer of bearer securities to request and obtain a list of, all or part of, securities holders registered on the custodians books (from the French… …   Euroclear glossary

  • bearer bond — bearer security …   Accounting dictionary

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.