A bond whose owner is designated on records maintained for this purpose by a registrar, often the paying agent or trustee.
Term used to describe a Bond which cannot be purchased in physical or certificated form. In other words, there are no printed bond certificates delivered to the actual bondholders. A single bond or a bond for each Maturity of the Bonds is delivered to a central securities depository, typically The Depository Trust Company (DTC), but sometimes to the Trustee under the FAST Program. Bonds held in Book-Entry Only form are Registered Bonds. Ownership by a bondholder of a Book-Entry Only Bond is generally determined by an entry on the records of the Registrar or the records of DTC and its participants.
A central securities certificate depository through which Securities are held in book-entry only form.
Program of Depository Trust Company (DTC) with a goal of reducing certificate movement by having bond certificates held by FAST transfer agents rather than by DTC.