mutilated security

Mutilated security

A certificate on which the name of the issue, the issuer, or some other identifying detail cannot be read.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Mutilated Security

A stock or bond certificate on which the owner's or issuer's name cannot be read. This can occur because of damage, negligence, or other reasons. A mutilated security can only be transferred when the owner has received a guarantee of ownership from a third party to ensure that there is no fraud or other foul play.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

mutilated security

A stock or bond certificate that, because of damage or improper printing, cannot be transferred. The owner of a mutilated security must obtain a guarantee to ownership from the transfer agent before delivering the security to a buyer.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.