Stock certificate

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Stock certificate

A document representing the number of shares of a corporation owned by a shareholder.

Stock Certificate

A physical document that gives the person or company listed a portion of ownership in a publicly-traded company. Stock certificates often contain a great deal of information, such as the owner's name, a right attached to the ownership (such as a warrant), or something else entirely. Stock certificates are vitally important as one may use them in court to prove a fact alleged.

stock certificate

Stock certificate.

A stock certificate is a paper document that represents ownership shares in a corporation.

In the past, when you bought stock, you got a certificate that listed your name as owner, and showed the number of shares and other relevant information. When you sold the stock, you endorsed the certificate and sent it to your broker.

Stock certificates have been phased out, however, and replaced by electronic records. That means you don't have to safeguard the certificates, and can sell shares by giving an order over the phone or online.

The chief objection that's been raised to the new system is largely nostalgic and aesthetic, since the certificates, with their finely engraved borders and images, are distinctive and often beautiful.

References in periodicals archive ?
On their part, Meristem Securities Limited told the Tribunal that the share certificates were lost in transit between their Kaduna and Lagos offices.
Hernandez told federal investigators that the money from the sale of the non-member share certificates was wired into the credit union's accout at the Federal Reserve and then into the credit union's account at Capital Bank.
Joanna Fowler, head of share dealing at Saga Personal Finance, said: "Finding share certificates after a loved one has passed away is not as uncommon as you might think.
New share certificates will be reissued by them as a priority and they have apologised for the error made.
Demat Dos Be ready for one or all of the following: More than one demat account if the share certificates are held jointly.