§ 26437 Bond Issuance And Registration

• •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 decide if you get a bond with coupons you clip to get interest payments, or a bond that's registered in your name. They can also let you switch between these types if you want.