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.
For an unregistered bond, the person who holds the certificate can exercise the rights.
Issuance of bearer bonds has been decreasing recently.
A registered bond where ownership is recorded, in contrast to 無記名社債 which is a bearer bond.
A corporate bond in general; 無記名社債 specifies the bearer form.
Compound of 無記名 (むきめい, 'unregistered, anonymous') and 社債 (しゃさい, 'corporate bond').