book-entry bond

Definition of "book-entry bond"
  1. A type of bond that is registered and tracked digitally, with no physical certificate as proof of ownership
How to use "book-entry bond" in a sentence
  1. The investor chose to buy a book-entry bond, finding it to be a more secure, modern form of investment.
  2. Due to the digitized nature of the book-entry bond, physical loss or theft of the bond is not a concern.
  3. Her book-entry bond was safely recorded in the computerized registry, eliminating the need for a paper certificate.

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