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Subject:
redeeming a book entry bond
Category: Business and Money Asked by: sally01-ga List Price: $10.00 |
Posted:
29 Dec 2004 18:21 PST
Expires: 28 Jan 2005 18:21 PST Question ID: 449013 |
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There is no answer at this time. |
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Subject:
Re: redeeming a book entry bond
From: leapinglizard-ga on 29 Dec 2004 18:32 PST |
What is a book entry bond? Most bonds are purchased as "book entry" to relieve bondholders from the responsibility of holding a bond certificate. Interest payments and principal payments are automatically sent to the bondholder. Although a certificate may be obtained, Kingdom Church Finance highly recommends purchasing bonds in book entry form. What happens when bonds mature or are called? At maturity, "book entry" bonds will automatically be paid to the bondholder. "Certificate" bonds must be mailed to the trustee bank. At that time, the trustee bank will remit a check for the amount of the bonds plus any interest due. The trustee bank notifies registered bondholders if their bonds are called. http://66.218.71.225/search/cache?p=%22how+to+cash%22+%22book-entry+bond%22&ei=UTF-8&fl=0&u=kingdomloans.com/bond_financing.htm&w=%22how+to+cash%22+%22book+entry+bond%22&d=50D6A7790A&icp=1&.intl=us So it seems you should contact Halpert and Company. leapinglizard |
Subject:
Re: redeeming a book entry bond
From: sally01-ga on 30 Dec 2004 08:35 PST |
Thanks, but how do I contact Halpert and company??? thank you |
Subject:
Re: redeeming a book entry bond
From: leapinglizard-ga on 02 Jan 2005 20:20 PST |
I'm afraid I haven't the foggiest. I believe Halpert was a legitimate firm, but they seem to have been absorbed into another brokerage. If I were in your shoes, I would show the bond to a financial advisor at the local bank. It is in the bank's interest to help you cash the bond so that you'll have money to invest with them. leapinglizard |
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