§ 360.2 Definitions.

(a) Bond, or Series I savings bonds, as used in this part, means a definitive United States Savings Bonds of Series I.

(b) Book-entry bond means a savings bond maintained by Treasury in electronic or paperless form as a computer record.

(c) Converted savings bond means a savings bond originally issued as a definitive bond that has been surrendered to us and converted to a book-entry savings bond to be maintained by Treasury solely as a computer record.

(d) Incompetent means an individual who is incapable of handling his or her business affairs because of a legal, mental or medical disability, except that a minor is not an incompetent solely because of age.

(e) Inscription means the information that is printed on the face of the bond.

(f) Issuing agent means an organization that has been qualified under the provisions of Department of the Treasury Circular, Fiscal Service Series No. 4–67, as revised and amended (31 CFR part 317), to issue savings bonds.