Bearer debentures definition When it comes to debenture, it has a lot of types. One type of debenture is bearer debenture. The best [bearer debentures definition in accounting]( is that such debentures are exchangeable by delivery. Bearer debenture is debenture that can be passed on by mere delivery and are receivable to the bearer of the instrument. No records of the bearer debenture are maintained in the register and registration of transport is not required. If you want more details about this topic, you can visit the referral link.