A security for which ownership is determined solely by possession of the physical certificate, allowing for anonymous transfer and posing risks for illegal activities like money laundering and tax evasion.
The term 'clipping coupons' originally referred to collecting interest payments from coupon bonds, but it has since evolved to describe saving money by using discount coupons from newspapers or magazines.
Interchangeable goods, securities, etc., that allow one to be replaced by another without loss of value. Bearer bonds and banknotes are notable examples. Additionally, perishable goods whose quantity can be estimated by number or weight fall under this category.
