Meaning of “bearer bond” in the English Dictionary

business-english dictionary

"bearer bond" in Business English

See all translations

bearer bondnoun [ C ]

uk us 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.

(Definition of “bearer bond” from the Cambridge Business English Dictionary © Cambridge University Press)