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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INVESTMENT BANKER is an underwriter who serves as a middleman between a corporation issuing new securities and the public. Usually, an investment banker, or several investment bankers in a syndicate, buy the securities issue outright, then sell the securities to individuals or institutions.

PURCHASE ACCOUNT is an account in which all inventory purchases are recorded; used with the periodic inventory method.

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