bearer stock

bearer stock
An instrument ( instruments) for which there is no register of the owner held by the company. Evidence of ownership is given by physical possession of the instrument itself. Bearer stock is common in the Eurobond market. Dresdner Kleinwort Wasserstein financial glossary

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bearer stock bearer stock stock1

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bearer stock UK US noun [C or U] BANKING, FINANCE
a share or the shares that are considered to be owned by the person who has them in their possession, rather than by a named person: »

The bank failed to maintain adequate security arrangements for bearer stocks.

Financial and business terms. 2012.

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  • Bearer Share — An equity security that is wholly owned by whoever holds the physical stock certificate. The issuing firm neither registers the owner of the stock, nor does it track transfers of ownership. The company disperses dividends to bearer shares when a… …   Investment dictionary

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