bearer bond
noun[C]
BANKING,FINANCEukusabondthat isconsideredto beownedby thepersonwho has it intheirpossession,ratherthan by anamedperson:
Theformersecretaryat abrokeragefirmstolea customer'sbearerbondsfrom theofficeandcashedthem for herpersonaluse.
Compare
registered bond