Unformatted text preview: maturity, they may either be redeemed with cash or asset; whichever is more valuable at the time. o Deep-Discount Bonds a.k.a. ‘Zero-Interest Debenture Bonds’ – These bonds provide a total interest payout at maturity, which results from the zero-interest payout. ♦ Registered and Bearer (Coupon) Bonds o Registered Bonds – This type of bond belongs strictly to the person whose name appears on the bond. For there to be a transfer of ownership, the bond must be surrendered and an entire new bond issued with the new owner’s name on it. o Bearer OR Coupon Bonds – This bond belongs to whoever is in possession of the bond. ♦ Income and Revenue Bonds o Income Bonds – This type of bond earns and pays no interest unless the company who has issued it is profitable. o Revenue Bonds – This type of bond pulls interest from certain revenue accounts and sources....
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- Spring '11
- Accounting, o Unsecured Bonds