A registered bond's owner's name and contact details are kept on file with the issuing body to ensure that coupon payments are made in a timely manner.
How do Registered Bonds work?
The term "registered bonds" refers to a type of bond in which the owner's information is registered or recorded with the entity that issued the bond.
When there is a change in ownership of a registered bond, the registered holder is required to notify or tell the bond's issuer.
So-called registered bonds are those that are issued in the names and addresses of their holders.
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