This means that Sally sold "registered bonds".
A registered bond is a bond which has its proprietor registered with the bond's backer. The proprietor's name and contact data is recorded and stayed with on document with the, enabling it to pay the bond's coupon installment to the suitable individual.
At the point when a bond is registered , the guarantor records the name of the proprietor and data about the bond issue. A bond that is registered in physical shape has the proprietor's name imprinted on the bond authentication.