What does bond power mean?

bond power meaning in Law Dictionary

n tool that transfers ownership of bonds through the existing owner to another party. The power of lawyer is provided to the named entity so they can provide the relationship to whomever they wish. It may be mortgaged or sold seperately from the certification.

bond power meaning in Business Dictionary

Instrument used in the usa to transfer ownership (title) of registered-bonds from the current owner to, like, a lender (as a collateral). Relationship energy assigns the effectiveness of attorney to a named entity for effecting the alteration of ownership into the register of bondholders maintained because of the relationship issuer. In effect, it acts the same function since the project kind printed on straight back of a registered bond certification, but is more convenient because it are exchanged, mortgaged, or sold independently from certificate it signifies.