BEARER SECURITY
\bˈe͡əɹə sɪkjˈʊ͡əɹɪti], \bˈeəɹə sɪkjˈʊəɹɪti], \b_ˈeə_ɹ_ə s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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A security that can be transferred or redeemed by the holder, who may or may not be the BENEFICIAL OWNER. Many securities are issued in bearer form, which eliminates the time and expense associated with reregistration. See also REGISTERED SECURITY.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).