Definition of Registered bond

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TeachMeFinance.com - explain Registered bond




historic definition...

Registered bond -- A registered bond is one registered in the name of the owner and the bond itself bears his name. Such a bond is transferable the same as a stock certificate. The bond itself contains a form for assignment and transfer. When a registered bond is transferred a new bond is issued for the old one just as when a stock certificate is transferred a new certificate is issued for the old one. The interest on a registered bond is paid by check, which is sent by mail to the postoffice address of the owner of the bond. Due notice of change of address should, therefore, be given. The old address should be given as well as the new one. There are some registered coupon bonds , but such issues are not numerous.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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