Bond Power

Form used in the transfer of registered bonds from one owner to another. Sometimes called assignment separate from certificate, it accomplishes the same thing as the assignment form on the back of the bond certificate, but has a safety advantage in being separate. Technically, the bond power appoints an attorney-in-fact with the power to make a transfer of ownership on the corporation's books.

A type of assignment by the registered owner of securities, allowing transfer to another holder. Bond assignments often are executed in blank, when the bond owner cannot sign the certificates in person. When securities are pledged as loan collateral, a bond power assignment allows the lender to sell the securities if the borrower defaults.