Registered Bond (Noun)
Meaning
A bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company issued a registered bond to its investors, requiring them to be recorded on the books of the issuer for ownership verification.
- She had to endorse the registered bond before transferring it to her son as a gift.
- The registered bond was a secure investment option for those who wanted to avoid the risks associated with bearer bonds.
- To sell the registered bond, the owner had to notify the issuer and provide documentation to facilitate the transfer.
- The registered bond was a type of investment that offered a fixed return and was recorded on the issuer's books for added security.