A bearer bond is a negotiable loan instrument which is payable
to its holder by the issuer according to preset conditions.
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bearer bond
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A bearer bond is usually issued by a corporation or by a
government. No records are kept of who has purchased a bond.
Therefore it is very difficult to prove ownership if the bond is
lost or stolen.
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The euro bearer bond is authenticated under a blacklight. There
were only a few million in circulation contrary to ING releasing
them. Therefore any existing euro bearer bonds are fraudulent.