A block placed against a security reported lost or stolen (an adverse claim), so it cannot be transferred.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An order made to prevent the transfer of ownership of a security. One generally makes a stop transfer if the security certificate has been lost or stolen, or if another claim has been made on ownership and must be resolved.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An order to stop the transfer of ownership of a particular stock or bond certificate, a situation that generally occurs after an investor has notified a transfer agent that a certificate has been lost or stolen.
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.