A security recorded on the books of a company in the name of the owner It can only be transferred when the securities certificate is endorsed in that name and the certificate is forwarded to the transfer agent Registered debt securities may be registered as to principal only or fully registered In the case of fully registered debt securities, interest is paid by cheque rather than by coupons attached to the certificate
(1) A securities certificate that is recorded in the name of the owner on the books of the issuer Ownership of the security can only be transferred when the certificate is endorsed by the registered owner (2) A securities issue that has been registered with the Securities and Exchange Commission as a new issue or as a secondary offering