Have you ever heard of bearer bonds? They're like special certificates that prove you own money! Unlike regular bonds where your name is recorded, bearer bonds are anonymous – whoever holds the paper owns the money. They were popular a long time ago because people valued their privacy.
- Bearer bonds are like IOUs from a government or company.
- You get interest payments and the main amount back later.
- They used to be secret, but now that’s a problem because they could be used for illegal things.
| Feature | Description |
|---|---|
| Ownership | Based on who holds the physical certificate. |
| Privacy | Very private, but now it's a problem! |
| Current Status | Rare and mostly used in the past. |
