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Book-Entry

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Book-Entry
Registered ownership of stock without the issuance of a corresponding stock certificate, as is the case with dividend reinvestment and direct purchase plans, employee plans and Direct Registration System issuances. Periodic statements of ownership are issued instead of certificates.

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In addition, the Board has decided to retain the $50 million limit on the value of book-entry securities transfers.
Also, you can buy Treasury bills, notes and bonds through TreasuryDirect, a book-entry system operated by the Bureau of Public Debt, which enables investors to purchase government securities without a broker or other intermediary.
Shad's encouragement to issue new debt in global book-entry form, saving the expense and hassles of physical certificates, transfer agents, paying agents, and registrars.
 
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