Registered Bond
A bond whose owner is designated on records maintained for this purpose by a registrar, often the paying agent or trustee.
bond-basics
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. Typically, the Trustee is also the Registrar and Paying Agent.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Paying Agent
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.
Trustee
A commercial bank or trust company with trust powers which acts in a fiduciary capacity for and on behalf of the bondholders by entering into an indenture with the issuer of the bonds.
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Hundreds of Terms and Concepts
Minor Portion
The amount of gross proceeds of a tax-exempt bond issue that may be permanently invested at a materially higher yield than the yield on the tax-exempt bonds equal to the lesser of 5% of the sale proceeds of the bonds or $100,000.