What is a registered bill?

A registered bill is a type of financial instrument that is recorded in the name of the holder, making it a secure form of debt. Unlike bearer instruments, which can be transferred without registration, registered bills require the holder's name to be registered with the issuer, ensuring that only the registered owner can claim interest or principal payments. This provides added security and reduces the risk of loss or theft. Registered bills are often used for government securities or corporate bonds.