§ 26337 Bond Registration And Conversion

• •Bonds can be issued in two ways: as coupon bonds or as registered bonds.
• •The board can allow switching between coupon bonds and registered bonds.
• •The board can decide how the bonds are registered, like just the main amount or both the main amount and the interest.

Imagine you have a savings bond from the government.

The government can choose to give you a bond that you can cash in with coupons, or one that is registered in your name. They can also let you switch between these types if you want.