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 legal and financial contexts.
For an unregistered bond, the person who holds the certificate is considered the rights holder.
記名債権 is a registered bond where ownership is recorded, while 無記名債権 is an unregistered bearer bond.
Compound of 無記名 (mukimei, 'unregistered, anonymous') and 債権 (saiken, 'bond, credit'). The exact historical derivation is uncertain; the term is a modern legal/financial coinage.