Doesn’t everyone get their relatives and close friends rich by getting them on the boards of foreign corporations?
What's to misunderstand?
A bearer bond, also referred to as a coupon bond, is a debt obligation with coupons attached that represent semiannual interest payments. With bearer bonds, there are no records of the purchaser kept by the issuer; the purchaser's name is also not printed on any kind of certificate. Bondholders receive these coupons during the period between the issuance of the bond and the maturity of the bond.
For the investor to claim his interest on the bond, he simply takes the corresponding coupon from the provided bond certificate and gives it to an agent of the issuing institution. Anyone who provides the necessary coupons to the issuer can receive the interest payment regardless of whether that person is the actual owner of the bond. For this reason, coupon bonds present a lot of opportunities for tax evasion and other fraudulent acts.
U.S. Treasury Bonds helped finance deficit spending throughout the century, along the way becoming the world's most important financial instrument next to the U.S. dollar itself.
The year 1982 was the beginning of the end of paper Treasury securities. Bearer and registered bonds were to be phased out due to security, custodial, and market considerations. Of the $22 trillion in national debt, only $125 million in marketable Treasuries remains outstanding as matured securities. The overwhelming majority of this unredeemed paper is not, however, in investor or collector hands, having been accidentally lost, destroyed, or forgotten in the course of time.
Redeeming the paper coupon, which was attached to the bond, was known as coupon cutting. These were large denomination government and corporate bonds that were affordable only by the well-to-do and the wealthy. Coupon cutting became a pejorative for the idle rich making money the easy way by cutting the coupon and redeeming it.
It has been almost FORTY years since the U.S. Government began to phase out paper bearer bonds. One would think that would be enough time for Ole Slow Joe to have caught on to the fact that modern bonds are all electronic and nobody clips coupons anymore. This little anachronism of his just shows how truly out of touch he is and that his brain has been stuck in neutral since he went to the senate.
Here are two example bearer bonds:
This comment is not about the coupons you use to get a reduced price at the store.
They are bond coupons. Anyone who wants to know what the term actually means can go here and read:
https://www.quora.com/What-does-clipping-coupons-in-the-stock-market-mean
Bottom line for those who won’t: A person making a living by clipping coupons was considered very wealthy: they were living off the interest earned on their portfolio of bonds.
Maybe he meant green stamps? (Yes, I am old enuff to remember those booklets.)
He's part of the Impractical Jokers team. One of his hair plugs is actually an earpiece and Barry, Michael and Reggie are hiding in an unmarked van telling what to say and do.
The face of dementia.
“Wonder how they keep it from melting as they do the sculpture.”
All that’s left in his mind are bits and parts of cliche’s he’s been yapping on campaign trails and news bits for 134 years. Now his brain can no longer assemble them so they just drool out his mouth in slurred and random combinations.
he’s inadvertently stepping up their game from cash for clunkers to cash for coupons...
“By golly, the swirls do spell out ‘Allah’.”
He is simply a retard that the left desperately holds on to. The DNC has pretty much given up on all others: gay,1/2 black,womyn,Injun,Commie and all other wierdos and just settle for the old white simpleton weirdo joe.
Bonds don’t come with coupons anymore...
He previously said on video, that people are clipping coupons for the stock market.
Every time Joe opens his mouth he shows how ludicrous that theory is.
Slow Joe probably has shoe marks all over his dick!!!
He is an idiot and very out of touch with technology but he is referring to bond coupons. I dont believe these have been issues in close to 20 years but old bearer bonds had actual paper coupons attached that were redeemable at a specific date (interest payments). You could take them to the bank and there was a process to deposit them.
https://www.investopedia.com/articles/bonds/08/bearer-bond.asp