Today, bond ownership records are maintained using a process called:
A) certified registration.
B) book entry.
C) revenue recognition process.
D) coupon registration.
E) general obligation process.

Question

Quizplus · Accepted Answer

Book entry is a modern system for maintaining ownership records of bonds electronically. Under this process, a central depository or a transfer agent keeps record of bond ownership, transfer, and redemption electronically, and there is no need for physical bonds or paper certificates. This process is more efficient, cost-effective, and secure compared to traditional methods such as coupon registration or certified registration.

Today, Bond Ownership Records Are Maintained Using a Process Called