Bearer BondsA bearer bond is a bond or debt security issued by a business entity such as a corporation, or a government. No records are kept of the owner, or the transactions involving ownership.
1. You can not buy these today unless someone passed them down to you.
2. You can by them in foreign countries
3. they can be risky to own and can raise suspicions as they can be used for tax evasion or criminal activity.
4. Bearer bonds are also called coupon bonds because the physical bond certificates have coupons attached to them that can be redeemed at an authorized agent bank for biannual interest payments, an activity that is commonly called "clipping coupons.