With a ________,only the registered owner can collect the principal at maturity,but interest payments can be paid to anyone who presents one of the detachable coupons.

Question

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A registered coupon bond is designed so that only the registered owner can collect the principal at maturity, but the interest payments can be collected by anyone who presents the detachable coupons. This setup combines features of registered bonds (where ownership is recorded) and bearer bonds (where possession of the bond itself is the only requirement for collecting interest or principal).

With a ________,Only the Registered Owner Can Collect the Principal