Bearer Bond

Bearer Bond
A bearer bond, also known as a coupon bond, is a type of debt security that is not registered in the name of the owner. Instead, it is payable to whoever holds it (i.e., the bearer). Bearer bonds come with attached coupons that the bondholder must clip and present for interest payments.
Coupon Bond
A bond issued with detachable coupons that need to be presented to a paying agent or the issuer to receive semiannual interest payments. These are bearer bonds, meaning the interest is payable to whoever holds the coupon.
Floating-Rate Note (FRN)
A Floating-Rate Note (FRN) is a type of bond with a variable interest rate, often based on the London Interbank Offered Rate (LIBOR), adjusting periodically to reflect market conditions.
Registered Security
A registered security is a financial instrument whose ownership is documented with the issuer or the issuer's agent. This contrasts with bearer securities where physical possession implies ownership.

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