Which term describes a corporate share that is owned by the holder of the share certificate and is not registered; therefore, ownership remains private?

• A. Registered share
• B. Bearer share
• C. Dumping
• D. Public International Law

Answer: (B)

Bearer shares are owned by whoever physically possesses the share certificate. No name is recorded in a register, so ownership remains private unless the holder registers or transfers the certificate. This matches the description of a corporate share owned by the holder of the certificate and not registered. Transfer is simply by delivering the certificate, rather than updating a registry. By contrast, a registered share has ownership recorded in corporate records, making ownership public. The remaining options don’t fit: dumping is unrelated market activity, and Public International Law is a field of law, not a type of share.