TeachMeFinance.com - explain Registered bond
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
There are some registered coupon bonds , but such issues
are not numerous.
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