book-entry security(redirected from 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.