/ˈbɛrər bɒnd/ – Phrase
Definition: Chứng khoán không tên chủ sở hữu.
A more thorough explanation: a debt instrument (=a written promise to repay a debt) with a fixed value payable to whomever holds it
Example: The Securities and Exchange Commission submitted inquiries to the bank about so-called bearer bonds – which may be transferred without registering ownership.