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Topic: Bearer bond


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In the News (Thu 16 Feb 12)

  
  Book-Entry, Registered and Bearer Bonds
Bonds can be issued in three forms, which differ in how they evidence ownership.
Bearer bonds are issued as an engraved certificate.
Registered bonds are also issued as engraved certificates, but the issuer maintains a record of who owns each bond.
www.riskglossary.com /articles/book_entry_registered_bearer_bonds.htm   (615 words)

  
  Bond Categories
A bond issued by a municipality to finance either a project or an enterprise whereby the issuer pledges to the bondholders the revenues generated by the operating projects financed.
For example, revenue bonds may be issued for the construction of a new hospital or the extension of sewer lines to a new housing development.
A bond that may originally have been issued as a general obligation or revenue bond but that is now secured by an "escrow fund" consisting entirely of direct US government obligations that are sufficient for paying the bondholders.
www.russell.com /us/glossary/bonds/bond_categories.htm   (666 words)

  
 Bearer Bond - What is a Bearer Bond?
Bearer bonds, also known as coupon bonds, allow the owner or “bearer” of the coupon to collect interest by presenting the clipped coupon to the issuer's paying agent.
Bearer bonds are extremely rare and were essentially eliminated by the Tax Equity and Fiscal Responsibility Act of 1982.
Bearer bonds are as liquid as cash and, when they were popular, were often used to shift ownership of corporations so as to minimize tax consequences.
www.bearer-bond.com   (136 words)

  
 Information   (Site not responding. Last check: 2007-10-15)
Bearer refers to ownership that is determined purely by possession of the bearer certificate.
A bond covenant is a contractual provision in the bond.
A bond issued to finance a project in which the bond issuers pledge to the bond holders the revenue generated by tolls or user fees by the project being financed.
www.bondtrac.com /XT/information/education/INCOME_GLOSSARY.xml   (7904 words)

  
 [No title]
Bearer bonds are convenient to transport and hide, are easily negotiable at published prices, involved anomymity and minimal reporting requiremdents, and are capable of supporting substantial amounts of cash.
Several municipal bond underwriters and dealers also testified: (a) that there is no interest-rate differential, (b) that traders do not inquire about the form of a bond when making a purchase or sale, and (c) that traders' price lists do not distinguish between registered and bearer bonds (Report 49-53).
Simply put, bearer bonds are attractive to those who seek to evade the tax laws because they may be purchased and negotiated without recordation of the owner's identity.
www.usdoj.gov /osg/briefs/1987/sg870456.txt   (15067 words)

  
 Invest FAQ: Bonds: Basics
Municipal bonds are issued by cities, states, and other local agencies and may or may not be as safe as corporate bonds.
Bearer bonds were made illegal in the U.S. in 1982, so they are not especially common any more.
Bearer bonds included coupons which were used by the bondholder to receive the interest due on the bond; this is why you will frequently read about the "coupon" of a bond (meaning the interest rate paid).
invest-faq.com /articles/bonds-a-basics.html   (1203 words)

  
 Bond Electronic Exchange : BEX
Bond was first introduced in Thailand during the reign of King Rama the 5th in 1905.
A bearer bond is an unregistered bond on which the interest and principal are payable to the current holder of the bond regardless of whom it was originally issued to.
Since no bonds were issued between 1990 and 1997, there was a disruption of supply in view of the fact that banks would not trade those bonds that they held as reserves in their portfolios, creating liquidity deficiency.
www.bex.or.th /en/education/tbh.html   (818 words)

  
 Zions Bank: Corporate Trust Services   (Site not responding. Last check: 2007-10-15)
Bonds issued by any of the 50 states, the territories and their subdivisions, counties, cities, towns, villages and school districts, agencies, such as authorities and special districts created by the states, and certain federally sponsored agencies such as local housing authorities.
A municipal bond whose debt service is payable solely from the revenues derived from operating the facilities acquired or constructed with the proceeds of the bonds.
A bank that usually accepts bonds that are tendered under the provisions allowing the bondholders to require the bond issuer to repurchase the bonds at certain times or intervals.
www.zionsbank.com /trust_glossary.jsp   (1249 words)

  
 Finance Frequently Asked Questions
A registered bond is one in which the bond owner has or should have a bond certificate with their name printed on the front and which has a fancy colored border.
Bearer bonds have fancy borders and small coupons on their edge which must be cut off and presented to a bank for payment of interest twice a year.
Any bearer bond can be converted to a registered bond by contacting the trustee and paying agent for that bond.
www.vhda.com /finance/finfaq.htm   (638 words)

  
 e$: What's a Digital Bearer Bond?   (Site not responding. Last check: 2007-10-15)
To be flip, possession is 100% of the law with a bearer bond.
Bearer bonds can be stolen, but they aren't registered anywhere, which makes them useful for anonymity.
All along the bottom of a bearer bond are little squares called coupons, which you cut out periodically and mail in to the issuer, and they'll send you back an interest check for that period's interest.
www.shipwright.com /rants/rant_07.html   (896 words)

  
 Glossary - Tripp & Co., Inc.
As a result, bearer bonds available in the secondary market are long-dated maturities issued before this date and are becoming increasingly scarce.
This part of a bearer bond denotes the amount of interest due and on what date and where payment will be made.
Municipal bond interest is generally exempt from federal income tax and from state and local income tax within the state of issue.
www.trippco.com /glossary   (1778 words)

  
 The Municipal Bond Authority - The GMS Group, LLC
As a result, the only bearer bonds available in the secondary market are long-dated maturities issued before this date, which are becoming increasingly scarce.
Among the disadvantages of bearer securities are that you must clip the coupons and present them to the trustee in order to receive your interest; and if the bonds are called, you will not automatically be alerted by the issuer or trustee.
Bonds which are redeemable by the issuer prior to the maturity date at a specified price at or above par.
www.gmsgroup.com /Bond-Market-Glossary.asp   (1800 words)

  
 bond
Typically, either a bond is payable to the bearer, and coupons representing annual or semi-annual payments of interest are attached (these are called coupon bonds), or it is registered in the name of the owner as the principal only (registered bonds).
The word bond is sometimes used in a broader sense to signify an unsecured debt instrument, with the interest obligation limited or tied to the corporate earnings for the year.
Participating bonds are another variation of debt instrument, with the interest obligation arranged so that holders are entitled to receive additional amounts from excess earnings or from excess distributions, depending on the terms of the participating bond.
insurance.cch.com /Rupps/bond.htm   (203 words)

  
 Bearer Bond
As with registered bonds, bearer bonds are negotiable instruments with a stated maturity date and coupon interest rate.
Bearer bonds are getting harder and harder to find these days, especially within developed economies.
While they are fairly common in many parts of the world (mainly places where anonymity is an issue), the fact that little protection or recourse exists for holders against issues such as theft has taken away their applicability in recent decades.
www.investopedia.com /terms/b/bearer_bond.asp   (298 words)

  
 M&T Bank : Corporate
A bond power signed as the bond is titled on the front must be signed by all registered holders and signature guaranteed.
Bearer bond coupons can presented to M and T Bank up to thirty days prior to the payment date.  The payment will be made payable to the presenter unless he/she gives written instructions to pay another party.
If we receive the bond at least 3 days but no more that 30 days prior to the payment date and we have received funds from the bond issuer, payment will be mailed to you on the payment date.
www.mandtbank.com /corporate/bondholder_info.cfm   (909 words)

  
 Coupon Bond -- A complete definition
A coupon bond, frequently referred to as a bearer bond, is a bond with a certificate that has small detachable coupons.
The fact that coupon bonds are usually bearer bonds is important, because it means that anyone who presents the coupon to the issuer is entitled to the interest payment regardless of whether that person is the owner of the bond.
Registered bonds are bonds with physical certificates that describe the terms of the debt, and the registered holder receives interest payments automatically from the issuer.
www.streetauthority.com /terms/c/coupon-bond.asp   (507 words)

  
 Fool.com: Fool FAQ - Bonds
Oh, if you have something called a 'bearer bond', which means that the issuer of the bond doesn't have your name on the certificate, make sure that you register them in order to get your interest and to be notified of any changes.
So for someone in the lower tax bracket, the tax-free bond would have to beat 6.48% to be a good deal, but for someone in the higher bracket, the tax-free bond would only have to beat 5.2%.
A tax-free bond paying 5% would be equivalent to a taxable interest rate of 7.69% for someone with a marginal tax rate of 35% (5/.65= 7.69), but only equivalent to 6.17% for someone with a marginal rate of 19% (5/.81=6.17).
www.fool.com /FoolFAQ/FoolFAQ0010.htm   (1265 words)

  
 Differences between bearer bonds and registered bonds
Fires and floods destroyed bearer bonds and replacement was difficult or impossible.
Registered bonds started increasing in popularity in the 1880s and dominated the scene by 1909.
Curiously, local and regional governments in the U.S. continued to use bearer bonds until the U.S. Internal Revenue Service outlawed their use after 1982.
www.coxrail.com /bearer_vs_registered.htm   (316 words)

  
 Corporate Bonds U.S.   (Site not responding. Last check: 2007-10-15)
In recent years, Brady bonds have become the most liquid investment instrument emerging market countries have to offer, and the structural adjustments suggested by the IMF in conjunction with debt relief have allowed many countries to experience explosive growth and attract foreign investment to modernize their economies.
Debt conversion bonds, or DCBs, are medium-term, non-collateralized bearer bonds issued at the face value of the sovereign debt from which they have been converted.
Front Loaded Interest Reduction Bonds, or FLIRBs, are medium-term, partly-collateralized bearer bonds with a fixed, below-market interest rate which rises over the initial 5 to 7 years of the life of the bond and is then replaced by a floating rate coupon until maturity.
www.citibank.com /ipb-global/cfsc/english/corbonds.htm   (560 words)

  
 bearer bond Definition
An unregistered, negotiable bond on which interest and principal are payable to the holder, regardless of whom it was originally issued to.
The coupons are attached to the bond, and each coupon represents a single interest payment.
Bearer bonds are being phased out in favor of registered bonds.
www.investorwords.com /439/bearer_bond.html   (174 words)

  
 Percentex.com::Glossary
INSURED BONDS: A bond with a credit rating above or higher than that of its issuer because it is backed by a third party insurer.
More simply, the YTM of a bond is the total of all coupon payments to maturity, interest on interest and the gain or loss realized from the security at maturity.
Bond is sold at a Discount to Par, and the difference represents the interest earned on the bond.
www.bondknowledge.com /glossary.html   (2035 words)

  
 bearer Definition
Find out about bonds issued by mortgage associations, savings bonds, Brady bonds, as well as those issued by other government agencies, and what the advantages and disadvantages of each type are.
Learn the basics about corporate bonds as well as how to evaluate the yield, maturity, duration, rating, callability and convertibility.
Read about the most important fundamental concepts of bonds, including par value, maturity, coupon, nominal and current yield, yield to maturity, and duration.
www.investorwords.com /438/bearer.html   (115 words)

  
 bond - Wiktionary
Herbert resented his wife for subjecting him to the bonds of matrimony; he claimed they had gotten married while drunk.
Many say that government and corporate bonds are a good investment to balance against a portfolio consisting primarily of stocks.
A bond of superglue adhered the teacups to the ceiling, much to the consternation of the cafe owners.
en.wiktionary.org /wiki/bond   (314 words)

  
 Bearer Bond
Dividends are claimed by submitting a detachable coupon to the paying agent, who then issues a check to the bearer for that coupon's portion of the bond's annual interest.
One must keep in mind that the bonds are no better or worse than the entity issuing them, and while anonymity may be attractive, the buyer must carefully and professionally investigate the issuer prior to investment.
In these cyber-days, digital bearer bonds have come into existence, but the concept is still so new that it will take some time to perform adequate research on them.
www.fraudaid.com /dictionary-of-financial-scam-terms/bearer_bond.htm   (291 words)

  
 Appraise- Financial Glossary
Bearer Bond: bond certificate with coupons attached for the bearer to use to collect interest at state intervals
Flower Bond: government bond whose par value is accepted as payment for a decedent's estate taxes provided the decedent was the hold on the date of death.
Treasury Bond: U.S. Treasury Bond that is federally taxable and issued for 10 years at a minimum value of $1000.
www.appraisenj.com /ESI/glossary.html   (2411 words)

  
 Forums - Bearer Bonds...
The idea was that he could be lounging by the pool in some Caribbean paradise and receiving millions in annual interest payments that would be *untraceable.* A bearer bond is an unregistered bond and the person in possession of the bond redeems attached coupons.
10:36 PM I think bearer bonds are now illegal in the U.S. In other words new issues cannot be bearer form and only old treasuries issued many many years ago which are bearer are still allowed.
Bearers are still very popular in Europe and elsewhere in the world.
www.elitetrader.com /vb/showthread.php?threadid=77825   (303 words)

  
 Bearer Bond Issue   (Site not responding. Last check: 2007-10-15)
In order to fund the railway's continued development, the Mid-Norfolk Railway is launching an Unsecured Bearer Bond issue, with the aim of raising £300,010.
There will be 1290 bonds, available to all - not just the railway's members - ranging in value from £2001 to £100.
You can request a copy of the bond issue prospectus by e-mailing media@mnr.org.uk or writing to: The Bond Office, Mid-Norfolk Railway, Dereham Station, Station Road, Dereham, Norfolk, NR19 1DF.
www.mnr.org.uk /help/bondissue.html   (136 words)

  
 [No title]
Bearer bonds vs. Registered Bonds   Bearer bond - Most Eurobonds are unregistered, issuing firm or underwriter does not keep records of ownership.  Possession is evidence of ownership, like cash.
Bond Regulation - Foreign bonds must comply with the security laws in the country where issued.  Yankee bonds (foreign bonds issued in U.S.) must meet same legal requirements as U.S. firms issuing domestic bonds, e.g.
As bond investors, we would buy bonds from the dealer at the ask price (high), and sell bonds to the dealer at the bid price (low).
spruce.flint.umich.edu /~mjperry/466-12.doc   (984 words)

  
 bearer bond definition - Dictionary - MSN Encarta
bearer bond definition - Dictionary - MSN Encarta
Search for "bearer bond" in all of MSN Encarta
bond payable to holder: a bond payable only to the party that presents it
encarta.msn.com /dictionary_1861685986/bearer_bond.html   (77 words)

  
 Glossary of Municipal Bond Terms
It is presumed to be owned by the bearer or the person who holds it.
bond issue is defeased, the claim on the revenues of the issuer is usually
The issuance of a new bond for the purpose of retiring an
www.southwest.msus.edu /rdic/bondterms.html   (4308 words)

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