Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,505,823,023 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Book-entry security

    0.04 sec.
book-entry security
A security for which the purchaser receives a receipt rather than an engraved certificate. Although a certificate may exist in some instances, it is held in one location as ownership changes. The U.S. government, which issues Treasury bills only in book-entry form, uses this method as a way to reduce paperwork expenses. See also Depository Trust Company.

Book-entry security. Book-entry securities are stocks, bonds, and similar investments whose ownership is recorded electronically rather than in certificate form.

When you sell the security, the records are updated, deleting you as an owner and adding the purchaser. This means you don't have to keep track of paper documents, and they can't be lost or stolen.

The Depository Trust & Clearing Corporation (DTCC) acts as a clearinghouse for book-entry securities.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
A book-entry security is a security represented by an accounting entry, or an electronic record, and not by a paper certificate.
Federal Reserve Banks as fiscal agents and depositories of the United ... by Trimble, Theresa A. / Federal Reserve Bulletin
Fees charged to depository institutions for book-entry security transfers remain in 1989 at $2.
Priced services, 1988 and 1989 by Federal Reserve Bulletin
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.