What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

Bearer bond

A bearer bond is a negotiable security. Unlike a registered bond, which is registered in the name of the owner, a bearer bond is not registered. It may be cashed in by anyone who posses it.

Expanded Definition

In modern times, most bonds are registered. The best known exception is a Treasury bond.

The ease with which bearer bonds may be cashed means their handling requires greater security.

Related Fool Articles

Related Terms

Recent Mentions on Fool.com