What is a Federal Firearms License (FFL) “bound book?”

A “bound book” is a permanently bound book or an orderly arrangement of loose-leaf pages which must be maintained on the business premises. The format must follow that prescribed in the regulations and the pages must be numbered consecutively.

REF: [27 CFR 478.121 and 478.125

Also commonly referred to as the A&D Book, Acquisition and Disposition Bound Book and just Bound Book

Federal Firearms License (FFL) Dealer:

The term “dealer” means (A) any person engaged in the business of selling firearms at wholesale or retail,(B) any person engaged in the business of repairing firearms or of making or fitting special barrels, stocks, or trigger mechanisms to firearms, or (C) any person who is a pawnbroker. The term “licensed dealer” means any dealer who is licensed under the provisions of this chapter.

REF: atf-p-5300-4