REGISTERED BONDS: are recorded on the books of the ISSUER by the TRUSTEE, and, INTEREST is paid-by-mail to the HOLDER of RECORD.
BEARER BONDS: are NEGOTIABLE INSTRUMENTS that must be SAFEGUARDED by the OWNER to prevent loss. INTEREST is paid by COUPON REDEMPTIONS. [Barron's Law Dictionary]
Printed copy · Anthology Volume 6, page 579Printed copy from The Tender For Law Anthology, Volume 6, page 579 (printed 13 June 2014). Added by this site; not part of the Facebook export.