uncertificated security
- 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
- The transfer of the uncertificated security was registered in the company books.
- She preferred dealing with an uncertificated security as there was no physical document involved.
- The company moved all its shares from certificated to uncertificated security.
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