Registered bond
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Registered bond
A bond whose issuer records ownership and interest payments. Differs from a bearer bond, which is traded without record of ownership and whose possession is the only evidence of ownership.
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registered bond
See registered security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
Registered bond.
When a bond is registered, the name of the owner and the particulars of the bond are recorded by the issuer or the issuer's agent.
When registered bonds are issued in certificate form, a bond can be sold only if the owner endorses the certificate, or signs it over to someone else. In contrast, bearer bonds are considered the property of whoever holds them, since there is no record of ownership.
Currently, however, most bonds are registered electronically, so there are no certificates to endorse. Instead, you authorize the transaction over the phone or by computer.
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