uncertificated security

Definition of "uncertificated security"
  1. An investment type that is grouped or divided into sets of stocks, participation, interests, or liabilities and is generally acknowledged as a valid medium for investment. This type of security, unlike others, isn't represented by any document, and its transfer is recorded on books by the issuer or someone representing the issuer
How to use "uncertificated security" in a sentence
  1. The transfer of the uncertificated security was registered in the company books.
  2. She preferred dealing with an uncertificated security as there was no physical document involved.
  3. The company moved all its shares from certificated to uncertificated security.

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