bearer security
bearer security see security

Merriam-Webster’s Dictionary of Law. . 1996.

bearer security
Securities where proof of ownership is a certificate rather than a register of holders. In the UK, companies are required to keep a register of members and so bearer shares are more common outside the UK.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • bearer security — A security whose owner is not registered on the books of the issuer. Exchange Handbook Glossary * * * bearer security bearer security ➔ security * * * bearer security UK US noun [C] (plural bearer securities) BANKING, FINANCE ► a bond or share… …   Financial and business terms

  • bearer security — bearer bond A security for which proof of ownership is possession of the security certificate; this enables such bonds to be transferred from one person to another without registration. No register of ownership is kept by the company in whose… …   Accounting dictionary

  • bearer security — bearer bond A security for which proof of ownership is possession of the security certificate; this enables such bonds to be transferred from one person to another without registration. This is unusual as most securities are registered, so that… …   Big dictionary of business and management

  • bearer security — /ˈbɛərə səˌkjurəti/ (say bairruh suh.kyoohruhtee) noun a security, usually money market security, which bears the instruction to pay the face amount of the security to the bearer of that security on its maturity. Also, bearer bill, bearer bond …   Australian English dictionary

  • bearer security — A security which runs to bearer according to its terms and not by reason of any indorsement. UCC § 8 102(l)(d) …   Ballentine's law dictionary

  • identifiable bearer security — ( TPI) Euroclear Clearing and Settlement glossary Based on the French legal framework, it is a service in Euroclear France that allows an issuer of bearer securities to request and obtain a list of, all or part of, securities holders registered… …   Financial and business terms

  • identifiable bearer security — (TPI) Based on the French legal framework, it is a service in Euroclear France that allows an issuer of bearer securities to request and obtain a list of, all or part of, securities holders registered on the custodians books (from the French… …   Euroclear glossary

  • bearer bond — bearer security …   Accounting dictionary

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • bearer — The person in possession of an instrument, document of title, or security payable to bearer or indorsed in blank. U.C.C. No. 1 201(5). When a check, note, draft, etc., is payable to bearer, it imports that such shall be payable to any person who… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”