Registered Bond
A bond whose owner is designated on records maintained for this purpose by a registrar, often the paying agent or trustee.
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Registrar
The person or entity responsible for maintaining records on behalf of the Issuer for the purpose of recording the names of the owners of Registered Bonds. Typically, the Trustee is also the Registrar and Paying Agent.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Paying Agent
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.
Trustee
A commercial bank or trust company with trust powers which acts in a fiduciary capacity for and on behalf of the bondholders by entering into an indenture with the issuer of the bonds.
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Hundreds of Terms and Concepts
General Obligation Bond Payable from General Fund (“GFGO”)
A type of general obligation (GO) bond not secured by a specific pledge of taxing power, and in which the issuer cannot be compelled to increase taxes.