payable-to-bearer

Updated: May 3, 2025

"There were three classes of bonds in this issue those payable to bearer; those registered as to principal; and those fully registered, that is where the interest is paid by government check instead of the bonds having coupons. Naturally, under the circumstances, it was the 'payable-to-bearer' bonds that my client wanted." "Well, they're numbered, aren't they?" Meighan returned encouragingly.

Frank L. (Frank Lucius) Packard - The Further Adventures of Jimmie Dale