registered bond
Học thuậtThân thiện
Definition
Noun: A registered bond is a type of debt security where the owner's name and details are officially recorded on the books of the issuing entity. Ownership and any subsequent transfer of this bond require formal endorsement by the currently registered owner.
Usage
This term is used specifically in finance and investment contexts to describe a bond with a registered ownership structure, contrasting with bearer bonds. - The estate included several registered bonds, which simplified the transfer process to the heirs. - For security reasons, the corporation decided to issue only registered bonds rather than bearer instruments.
Advanced Usage
- "Fully registered bond": A bond where both the principal and interest payments are recorded to the registered owner, eliminating the need for physical coupons.
- Most government bonds today are issued as fully registered bonds.
Variants and Related Words
- Bearer bond (n): A bond that is owned by whoever holds the physical certificate, with no ownership registry. This contrasts directly with a registered bond.
- Bearer bonds are considered less secure than registered bonds.
Synonyms
- Recorded bond: A bond for which ownership is officially recorded. (Less common synonym)
- Registered security: A broader term for any security, including stocks or bonds, registered in the owner's name.
Related Terms and Concepts
- Endorsement (n): The act of signing the back of a registered bond certificate to officially transfer ownership to another party.
- The transfer required a signature and endorsement on the registered bond certificate.
- Registrar (n): The institution or agent responsible for maintaining the official record of bond owners.
- The bank acts as the registrar for these registered bonds.
Noun
- a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner