Legal Definition and Related Resources of Registered Bond

One which is a simple certificate of indebtedness in favor of a particular individual, payable at a date named , with interest at days named. It is said to be registered because the name of the payee is entered on the books of a corporation debtor , as the registered owner . These are not negotiable but can only be transferred by an entry on the books of the debtor corporation, with a proper endorsement on the bond itself or by the issue of a new certificate . See Benwell v City of New York, 36 A. 668,55 N.J. Eq. 260.

A bond whose issuer records ownership and interest payments. Differs from a bearer bond which is traded without record of ownership and whose possession is the only evidence of ownership.

A bond that is registered on the books of the issuing company in the name of the owner. It can be transferred only when endorsed by the registered owner. (See: Bearer bond, Coupon bond)

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Registered Bond in Historical Law

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