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English definition of “bearer bond”

bearer bond

noun [C]
 
 
BANKING, FINANCE
a bond that is considered to be owned by the person who has it in their possession, rather than by a named person: The former secretary at a brokerage firm stole a customer's bearer bonds from the office and cashed them for her personal use. →  Compare registered bond
(Definition of bearer bond from the Cambridge Business English Dictionary © Cambridge University Press)
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