A security containing no ownership information and for which the physical bearer is presumed to be the owner. In the case of bonds, coupons are physically attached to the bond and must be presented to the issuer to receive interest payments. Bearer stocks may be bought and sold without endorsement. Bearer bonds have not been issued in the United States since 1982, and thus they have become a significantly less important activity. Bearer stocks are also quite rare.
ISIN and cusip numbers for bearer bonds.