Glossary
- b (price addendum)
- B-shares
- Backwardation
- Balance-sheet analysis
- Bar chart
- Base currency
- Base interest rate
- Basis point
- Basis trade
- Basket certificate
- bB (price addendum)
- Bear Call Spread
- Bear flag
- Bear market
- Bear trap
- Bearer share
- Bears
- Benchmark
- Beta factor
- bG (price addendum)
- Bid
- Bid price
- Bid-ask spread
- Black-Scholes model
- Blue chips
- Bobl Future
- Bodies of the stock exchange
- Bond
- Bond index
- Bonus
- Bonus certificate
- Bonus shares
- Bonus thresholt
- Book-building
- Bookbuilding range
- Börsenordnung (Stock Exchange Rules and Regulations)
- Börsenrat (Exchange Council)
- Break-even point (warrants)
- Breakout gap
- Bridge capital
- Broker
- Brokerage commission
- Bund Future
- Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin)
- Business angel
- Business plan
- Buyback
Bearer share
Class of share that entitles the bearer, or holder, to assert all of the rights vested in the share
Bearer shares differ from registered shares in that the holder of a bearer share is not designated by name on the share certificate, and is usually not required to furnish proof of rightful ownership.
Bearer shares are transferred informally and by delivery, without any changes having to be made to the certificate. As a consequence, they are highly fungible (interchangeable) and can be traded easily.
In keeping with the German Stock Corporation Act, stock corporations issue bearer shares unless their charter provides for the issue of another class of share.
General term: bearer instrument
Antonym: registered share
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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