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.
A Registered Bond is a type of bond recorded in the name of the holder on the books of the issuer or the issuer's registrar and can be transferred to another owner only when endorsed by the registered owner. Contrast this with Coupon Bonds to understand their differences and functions.
