Bearer Debenture - Law Dictionary Search Results
Bearer debenture
Matched in: Term Bearer debenture
Debenture
Matched in: Term Debenture
bond
: a bearer bond that has coupons that must be cut off and presented for payment of interest debenture bond : a bond backed by the general credit of the issuer rather than by a specific lien … usually contingent upon earnings ba·by bond : a bond having a face value of usually $500 or less bearer bond : a fully negotiable bond payable to its bearer compare registered bond in this entry book-entry bond
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Bond
by a Government or company. Bonds contain provisions as to interest until repayment of the principal. 'Bonds to Bearer' pass by simple delivery and interest on the amount secured is collected by means of coupons attached to … paid by the issue of warrants as in the case of ordinary shares. See also BEARER BONDS and DEBENTURES. Bonds are also executed to secure duty on dutiable goods to the Crown while in a merchant's or
Scrip
part paid and exchangeable for the certificate of share or the debenture upon payment in full. Scrip to bearer appears to be negotiable and to pass by delivery, see Goodwin v. Robarts, (1875) LR 10 Ex 337;
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