security not registered on the books of the issuing corporation and thus payable to possessor of the shares. negotiable without endorsement and transferred by delivery, thus avoiding some of the control associated with ordinary shares. dividends are payable upon presentation of dividend coupons, which are dated or numbered. Applies mainly to international equities. Bloomberg Financial Dictionary
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bearer share UK US noun [C] BANKING, FINANCE
► a share that is considered to be owned by the person who has it in their possession, rather than by a named person: »
They kept their money in offshore holding companies controlled through anonymous bearer shares.
Financial and business terms. 2012.