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cage
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Cage

A term used to describe the department of a brokerage firm that receives and distributes physical securities.

Notes:

A reference mainly used by industry workers, the cage is like a vault where all certificates and bonds are held in physical form.

See also: Bearer Form, Bond, Broker, Security, Street Name

Cage

A section of a brokerage firm used for receiving and disbursing funds.

cage

See cashier's department.

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