bearer form definition
bearer form means, in respect of a certificated security, a form in which the security is payable to the bearer of the security certificate according to the security certificate's terms but not by reason of an endorsement. (« au porteur »)
bearer form. Bearer Notes will be issued only in bearer form.
bearer form when applied to a security means a security that is payable to bearer according to its terms and not by reason of any endorsement; (“au porteur”)
More Definitions of bearer form
bearer form when used with respect to a Certificated Security, means a form in which the Security is payable to the bearer of the Security Certificate according to its terms but not by reason of an Indorsement.
bearer form the holder of the bond is the owner. Physical certificates exist. Book Entry Form (or Inscribed Form): the issuer or agent records the ownership of the bond, usually in computerized records. There are no bond certificates.
bearer form. , in respect of a security, means a security in bearer form as determined in accordance with subsection 90(2); « titre au porteur »
bearer form. , in respect of a security, means a security in bearer form as determined in accordance with subsection 83(2);
bearer form means an instrument that can be redeemed by whoever has actual physical custody of the instrument. These instruments are not in the name of the owner and usually have a clause on the actual instrument that states something such as “Pay to the Bearer”.