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Bearer bond
Bonds issued with detachable coupons that must be presented to a paying agent or the issuer for semiannual interest payments. Also known as Coupon Bond. Securities are no longer issued in this format, but instead are issued as registered bonds or book entry. See Bond Form.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
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