FT MarketWatch

Certificateless municipal bond

A Municipal bond which does not have a Certificate of ownership for each Bondholder. Instead, one Certificate is Valid for the whole issue, enabling investors to Trade the bonds without having to Transfer certificates.

Related Terms: 11 ACH, Bondholder, Certificate, FICA, Muni, Municipal bond, Own, Sue, Transfer, Trade, Valid
Other Related Pages: Category: Bonds Starting With: C
Semi Related Terms: 515 CLICK HERE TO VIEW