Registered bond

Registered bond refers to corporate or governmental debt in a bond form in which the owner’s name appears on the bond and in the issuer’s records, and interest payments are mailed to the owner. Transfer, as at the time of sale or if the bond is being possessed as collateral for a loan in default, requires power of attorney and the return of the physical bond to a transfer agent. The transfer agent replaces the old bond with a new one registered to the new owner.