A bond whose ownership is evidenced by registration in the transfer office of the issuer (corporate issuer, government issuer, etc). Transfer of title is made only by endorsement (signing) on the back of the bond by the payee, i.e., the person in whose name the bond is registered. The bond must be dispatched to the transfer office for re-registration. Sometimes, the space assigned to the name of the transferee or assignee may be left unfilled (blank), and thus the bond is said to be “transferable in blank”. In this case, the bond becomes payable to the bearer.
November 24, 2024
