Bearer securities are freely and easily negotiable since ownership can be quickly transferred from seller to buyer. Registered investment companies whose assets are invested in diversified portfolios of bonds. Bonds which are redeemable by the issuer prior to the specified maturity date at a specified price at or above par. This part of a bond denotes the amount of interest due, and on what date and where the payment is to be made. Bearer coupons are presented to the issuer's designated paying agent or deposited in a commercial bank for collection.
Coupons are generally payable semiannually.
A financing structure under which the old bonds are called or mature within 90 days of the issuance of the new refunding bonds. The ratio of interest to the actual market price of the bond stated as a percentage. The Committee on Uniform Security Identification Procedures, which was established under the auspices of the American Bankers Association to develop a uniform method of identifying municipal, U.S. government, and corporate securities. The date of a bond issue from which the bondholder is entitled to receive interest, even though the bonds may actually be delivered at some other date. Failure to pay principal or interest promptly when due.