A comprehensive guide on bearer bonds, a type of unregistered negotiable security that is payable to the person possessing it, including history, applicability, comparisons and related terms.
A `coupon bond` is a bond issued with detachable coupons that must be presented to a paying agent or the issuer for semiannual interest payments. It is a type of bearer bond, meaning whoever presents the coupon is entitled to the interest.
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