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Bearer Asset ctnd
Additional Information
- Possession is ownership: The holder, or "bearer," of the certificate is the legal owner. Ownership is transferred when the physical certificate is passed from one person to another.
- Transfer of title: The act of delivering the certificate is what passes the title, similar to how you transfer cash.
- Redemption: To receive interest or the principal, the holder must physically present the certificate or its attached coupons to the issuer or paying agent.
- Anonymity: The lack of registration is the key characteristic. Because the issuer does not keep a record of the owner's name, the physical bearer is the only one who can claim the benefits, making it a direct and simple transfer of value.
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