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


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.

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Purpose Investment

Investment property acquired to carry out the purpose of a governmental program for which the bonds are issued (i.e., conduit loans, mortgage notes, mortgage-backed securities and student loan obligations).