There is also reference to them in the movies "Panic Room", "Die Hard in LA", Casino Royale(?)
2007-02-21 18:31:57 · 10 answers · asked by chinainvestor 3 in Business & Finance ➔ Credit
It's a bearer bond, no records are kept of the holder and whoever has the certificate can claim it.
2007-02-21 18:40:16 · answer #1 · answered by sweet.pjs1 5 · 0⤊ 0⤋
It's 'bearer bond' and refers to bonds (a promise to pay back a certain amount of money, with interest) which are payable to whomever is in possession of the actual document. Most are backed by large corporations or government entities which issue (sell) bonds to raise cash. Bearer bonds are useful becuase they can be used as a form of currency for very large transactions between banks, corporations, and - *rarely* - individuals.
The difference between purchase price and the eventual value is also a factor that makes bonds better than cash. So for example company A wants to buy a division from company B; they can use bonds they bought for X dollars to pay for it, stating Y dollars (the redemption value) as the actual value because company B can cash them in for that much at a future date. Somewhere some other company or government has to actually make good on the difference.
The downside is that because bearer bonds act like cash, they have to be protected from thieves. In some places companies keep bonds worth literally tens of millions of dollars, which could fit into a suitcase. That's a tempting target.
2007-02-22 02:46:36 · answer #2 · answered by dukefenton 7 · 0⤊ 0⤋
I think you mean "bearer bond". It's a bond which entitles it's bearer to a certain sum of money after a set time. Basically, they work like cash. Whoever is holding it (the bearer) is the owner, and can cash it after the time is up.
2007-02-22 02:35:34 · answer #3 · answered by txdavid74 3 · 0⤊ 0⤋
I watch 24 religously and I have never heard them use the term "bear bond"
2007-02-22 02:35:33 · answer #4 · answered by Caged 2 · 0⤊ 0⤋
the actuall term is bearer bond. It is like a stock certificate, but it is not registered or tracked. The person who holds it is entitled to its value. I believe they are illegal now as that they were so easy to cash in for criminals.
2007-02-22 02:36:36 · answer #5 · answered by WallyWombat 6 · 0⤊ 0⤋
It's a "bearer" bond. It means that whoever has the document in their posession (or the coupons from it) will be paid the interest or dividend(s) from it.
2007-02-22 02:39:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i think bear bond is a bond for the share holder
2007-02-22 02:49:32 · answer #7 · answered by boxer 3 · 0⤊ 0⤋
bear mauls hiker
bear is arrested
bear gets attny and judge sets bail
bear gets bond....bear bond...
p.s. i dont recall seeing any bears in die hard in la ...hmmm
2007-02-22 02:41:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
maybe a bill bond
2007-02-22 02:39:30 · answer #9 · answered by dianebarton86 2 · 0⤊ 0⤋
I think it's "bearer bond"...go google.com it or wikipedia.org it or something
2007-02-22 02:35:31 · answer #10 · answered by Anonymous · 0⤊ 0⤋