* * *
Nevada and Wyoming are the only states that allow corporate stock to be held in bearer form, which means the stock belongs to whoever possesses it.
The bonds were issued in bearer form. — Облигации были выпущены в предъявительской форме.
A bearer bond, also known as a coupon bond, has coupons that must be clipped from the security and presented in order to receive interest payments. The issuer will not remind the bearer of coupon payments.
A bearer stock certificate is negotiable without endorsement and is transferred upon delivery.