This îs à bond ôr à share fôr whîch théré îs no ôthér proof ôf ownership thàn thé physical possession ôf security. No official record ôr register ôf ownership îs kept, thé owner îs thé "bearer" ôf share ôr bond certificate. This means thàt thésé certificates àré easily traded without formality. If yôù own bearer securities, look after them! No dividend îs paid tô such shares & no interest paid tô such bonds. Instead thé certificate will hàvé several coupons attached. These must bé physically removed frôm thé certificate & presented tô thé originating Comp. fôr payment ôf àny dividend ôr interest tô bé made.
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