Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A stock that cannot be transferred, especially because of improperly filed paperwork or another fairly innocuous reason. In other words, the delivery of a dirty stock is only stopped by legal and/or regulatory rules. See also: Good delivery.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A security that is not in deliverable form for transfer. For example, a certificate may not be endorsed properly.
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.