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
Inducement Resolution
A resolution adopted by the issuer or the borrower to indicate the preliminary intention to issue the tax-exempt bonds, subject to satisfaction of certain conditions precedent which may be satisfied on or after the adoption of a bond resolution.