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Finance: What is a Bearer Bond, or Bearer Stock? 20 Views
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Description:
What is Bearer Bond or Bearer Stock? Bearer refers to the owner of a bond or stock. In the case of these financial instruments, the bondholder or stockholder is the owner and is responsible for coupons and redemption rather than the individual who is registered as the owner. In the case of stock, the owner is the person or entity that holds the stock certificate.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Bonds
- Terms and Concepts / Charts
- Terms and Concepts / Financial Theory
- Terms and Concepts / Investing
- Terms and Concepts / Regulations
- Terms and Concepts / Stocks
- Terms and Concepts / Trading
Transcript
- 00:00
Finance a la shmoop... what is a bearer bond or bearer stock alright you know
- 00:07
that saying possession is nine-tenths of the law
- 00:10
right well that's how bearer bonds and stocks work if you have the paper [Man presenting a bond]
- 00:14
representing the bond or stock aka the bond or stock certificate itself in your
- 00:19
hot little hands or wallet well then you own the bond or stock whether you stole
Full Transcript
- 00:24
it or bought it or you know 3D printed it...In bearer bonds and
- 00:29
stocks there's no record or tracing of who bought or owned the bond or stock
- 00:35
sort of the opposite of how Bitcoin works and because of this non tracing [Money in a laundry machine]
- 00:39
and the ease with which money could be laundered for our kindly loving
- 00:43
terrorist friends bearer bonds and stocks are not very common today because
- 00:48
investors simply don't like the idea that their precious assets can be stolen [Thief running from police with money]
- 00:52
and then used to you know match plaid with stripes to counter this anonymity
- 00:57
most securities are in fact registered meaning that ownership is filed
- 01:02
officially with a brokerage or an issuer ie the company itself so that money can [A tracker appears]
- 01:06
be tracked and well taxed all over the world and note that one way bearer bonds
- 01:12
or stocks are dealt with in the fashion realm is to you know simply get rid of
- 01:16
the E don't look....[Man walking on a catwalk with no clothes]
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