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  • October 23, 2021
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Registered Coupon Bond

A bond whose principal is registered in the name of its owner, but where interest coupons are payable to the bearer. Therefore, coupons pass by delivery from the bond’s owner to another party, while the principal (face value) remains registered in the name of the holder on the books of the issuer. This bond can transferred to another owner only when endorsed by the registered holder.


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