Public Sector Undertaking Bonds and Bearer Bonds
Public Sector Undertaking Bonds
these are debt instruments issued by various public sector comapnies fuctioning in the country.These bods have longer period of maturity and are normally secured against fixed or floating charge on fixed assets,book debts or other current assets.
Bearer bonds
The case of Bearer bonds the ownership vests with the person who is having the mere possession of the Bond. The transfer of such securities can be made by mere delivery .Therefore ,if it is lost the owner loses all his rights or title to it.
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