noun
unregistered bond; bearer bond
A bond for which ownership is not recorded in a register; the physical holder is treated as the owner. Used in financial and legal contexts.
無記名社債は、券面を所持している者が権利を行使できる。
For an unregistered bond, the person who holds the certificate can exercise the rights.
最近は無記名社債の発行が減っている。
Issuance of bearer bonds has been decreasing recently.
Compound of 無記名 (むきめい, 'unregistered, anonymous') and 社債 (しゃさい, 'corporate bond').