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A bond issued as a paper certificate without a registered owner and payable to the holder.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
a bond not registered in anyone's name and payable to whoever possesses it.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||bearer bond - a bond issued with detachable coupons that must be presented to the issuer for interest payments|
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