Bearer Unit definition
Bearer Unit. Any Unit (with or without coupons), title of which passes by delivery only, but exclusive of any coupons.
Examples of Bearer Unit in a sentence
Each Bearer Unit (whether in temporary, permanent or definitive form) will be deemed to be dated as of the Original Issue Date of the Bearer Note comprised by such Unit or, if there is no such underlying Bearer Note, the date of the other securities comprised thereby in accordance with the procedures described above.
Each Bearer Unit (whether in temporary, permanent or definitive form) will be [deemed to be] dated as of the Original Issue Date of the Bearer Note comprised by such Unit in accordance with the procedures described above.