Pursuant to Article 154 of the RA Civil Code a bond shall be considered the security certifying the right of its holder to receive from the issuer of the bond within the term specified therein the nominal value of the bond or any other property equivalent. A bond also gives its holder the right to receive interest on the nominal value of the bond or other property rights.
Bonds may be bearer or registered.
Rights certified by the security may belong to the bearer of the security (bearer security); and/or to the person indicated in the security (registered security).
Bonds and shares are investment securities.
