Bonds payable to whomever holds them are called bearer bonds or unregistered bonds.
<h3>What is bearer bond ?</h3>
Bonds that have no registered owners are known as bearer bonds. Instead, the bond is owned by whoever "bears" (or has possession of) it. Bearer bonds, sometimes known as coupons, have coupons that bondholders can detach and present to receive interest payments.
<h3>What are interest payments ?</h3>
An interest rate is the amount of interest that is payable each period stated as a percentage of the amount that was lent, deposited, or borrowed. The principal amount, interest rate, frequency of compounding, and duration of the loan, deposit, or borrowing determine the total amount of interest on a sum that was lent or borrowed.
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