bond-basics

Registered Bond

A Bond whose owner is designated on records maintained for this purpose by a Registrar, often the Paying Agent or Trustee.  Transfers of the Bonds occurs only by a transfer on these records.  The Principal and Interest on “fully registered” Bonds is paid directly by check (or other fund transfer) to the registered owner.

See Also

Registrar

The person or entity responsible for maintaining records on behalf of the issuer for the purpose of recording the names of the owners of registered bonds.

Hudson Yards Rail Yards

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Revenue Bond

A bond which is to be repaid from a specific source of revenues, typically those produced by the facility or system for which the bond is issued.