無む記き名めい社しゃ債さい

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.

• 無む記き名めい社しゃ債さいは、券けん面めんを所しょ持じしている者ものが権けん利りを行こう使しできる。

  For an unregistered bond, the person who holds the certificate can exercise the rights.

• 最さい近きんは無む記き名めい社しゃ債さいの発はっ行こうが減へっている。

  Issuance of bearer bonds has been decreasing recently.