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After inheriting a bearer bond from his grandfather, Marcus kept it in a safe deposit box because it could be cashed by whoever physically held it.
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After inheriting a bearer bond from his grandfather, Marcus kept it in a safe deposit box because it could be cashed by whoever physically held it.
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Related words
bearer bond
Noun
Japanese Meaning
持参人不記名債券: 発行者があらかじめ定めた条件に従い、持参人に支払うことのできる譲渡性のある債券。保有者は債券を紛失しないように管理し、通常はクーポンの償還によって利息が支払われる。
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