stock power


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Related to stock power: Bond power

Stock power

A power of attorney form giving ownership of a security to another person, brokerage firm, bank, or lender after it has been sold or pledged to that party.

Stock Power

The ability to transfer stock, granted to someone other than the owner. For example, a stockholder may grant stock power to his/her broker. This allows the broker to make decisions regarding the stock without owning it. Stock power is most common when stock is pledged as collateral on a loan. It is a type of power of attorney. See also: Beneficial ownership, bond power.

stock power

A form, separate from a stock certificate, that can be used to transfer stock. A stock power is useful when an investor wishes to deliver an unsigned certificate in one envelope and the stock power form for transfer of the certificate in another envelope. Compare bond power.
References in periodicals archive ?
a) present the physical stock certificate (together with necessary stock powers (with signature medallion guaranteed)) to Continental at the following address: Continental Stock Transfer & Trust Company, 17 Battery Place, New York, NY 10004, Attn: Mark Zimkind, Tel.
The company's ubiquitous iPod personal music player has helped the stock power higher since the beginning of 2004.
After shareholders have executed a stock power or signed the back of their certificate the shares are to be deposited and held in street name by CEDE & Co.
All shareholders must either execute a stock power, or the back of the certificate, so the shares can be deposited in their accounts and traded.
A stock power similarly signed and guaranteed will also be acceptable.