This preview shows page 1. Sign up to view the full content.
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 owners 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....
View Full Document
- Spring '11