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LSDefine

Simple English definitions for legal terms

bearer security

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A quick definition of bearer security:

A bearer security is a type of document that shows ownership or creditor relationship with a company or government. It can be a stock, bond, or other type of investment. The value of a bearer security depends on the financial condition of the company or government that issued it. It is important to keep bearer securities safe because whoever holds the document is considered the owner.

A more thorough explanation:

A bearer security is a type of security that represents ownership or creditor rights in a company or government. It is called a "bearer" security because whoever holds the physical certificate is considered the owner or creditor.

For example, a bearer bond is a type of debt security that is not registered in the owner's name. Instead, whoever holds the physical bond certificate can claim the principal and interest payments.

Another example is a bearer share, which is a type of stock that is not registered in the owner's name. Instead, whoever holds the physical share certificate is considered the owner and can claim any dividends or voting rights.

Bearer securities can be risky because they can be easily lost or stolen, and whoever holds the physical certificate can claim ownership or creditor rights. However, they can also be convenient for investors who want to remain anonymous or transfer ownership without going through a formal registration process.

bearer instrument | bear hug

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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