Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'bearer form'?

A. form of a security in which ownership is recorded electronically by a central depository
B. form of a security whereby ownership is recorded in the name of the owner on the books of the issuer or the issuer's registrar and can only be transferred to another owner when endorsed by the registered owner
C. form of a security that may be issued in both the instance but with the same identification number
D. form of a security that is not registered in the books of the issuer or of the registrar and is payable to the person possessing the stock or bond certificate

Answer: form of a security that is not registered in the books of the issuer or of the registrar and is payable to the person possessing the stock or bond certificate