Ownership of bearer bonds is tied solely to possession. That means whoever holds the physical bond certificate has the right to collect its interest payments and redeem its value at maturity.

For certificated bearer securities, the certificate itself is proof of ownership. Dividends (for shares) and interest (bonds) are collected by clipping the coupons from the certificate and sending ...

Bearer bonds are a type of unregistered fixed-income securities that provide ownership rights to whoever physically holds ...