bearer bond Meaning in the Cambridge English Dictionary
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Meaning of “bearer bond” in the English Dictionary

"bearer bond" in Business English

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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 ​formersecretary at a ​brokeragefirmstole a customer's ​bearerbonds from the ​office and ​cashed them for her ​personal use.
(Definition of bearer bond from the Cambridge Business English Dictionary © Cambridge University Press)
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