registered bond

registered bond. 1. BOND(2). 2. BOND(3).

A governmental or corporate obligation to pay money, represented by a single certificate delivered to the creditor. • The obligation is registered in the holder’s name on the books of the debtor. [Cases: Corporations 471; Municipal Corporations 936. C.J.S. Corporations § 667; Municipal Corporations § 1700.]

A bond that only the holder of record may redeem, enjoy benefits from, or transfer to another. Cf. bearer bond. [Cases: Bonds 74, 86.]