1391. Replacement of bearer bonds with registered bonds is because of lack of
A. security of indentures
B. security of unregistered bonds
C. security of bearer bonds
D. security of registered bonds
✅ The correct answer is option C.
Replacement of bearer bonds with registered bonds is because of lack of security of bearer bonds. Bearer bonds that are lost cannot be replaced as no records exist on the identity of the security owner.
Replacement of bearer bonds with registered bonds is because of lack of security of bearer bonds. Bearer bonds that are lost cannot be replaced as no records exist on the identity of the security owner.