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bearer bond |
Also found in: Financial, Wikipedia, Hutchinson | 0.04 sec. |
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However, this provision raises the same issue as with TINs: when an exempt bearer bond is sold through a broker or redeemed, the gross proceeds will be (and always have been) subject to information reporting and backup withholding (unless the holder is foreign or an exempt recipient). Definitive municipal securities are registered or bearer bonds that have been issued by state and local governments with interest coupons in certificated or physical form. Meanwhile, two-thirds of the bondholders must approve any restructuring and those bonds, Young said, are bearer bonds traded on the Luxembourg exchange. |
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