REGISTERED BONDS Definition

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REGISTERED BONDS are bonds for which the names and addresses of the bondholders are kept on file by the issuing company.

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FRINGE BENEFIT an incidental benefit awarded for certain types of employment (especially if it is regarded as a right) (Example: employer supplied health insurance or two weeks paid vacation per year).

CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.

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