What is another word for bearer bond?
Pronunciation: [bˈe͡əɹə bˈɒnd] (IPA) 
Bearer bonds were once popular forms of a bond that didn't have the holder's name on it. This made the bond into money, so if someone stole the bond, they would have the money too. However, these types of bonds have become less common since the Treasury eliminated them in 1982. Currently, the bearer bond synonyms are negotiable bonds or unregistered bonds. Negotiable bonds are transferable to a new owner without prior notification to the issuer. On the other hand, unregistered bonds are issued without recording the owner's name, but they require an endorsement and an affidavit to transfer ownership.
