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 ?
The stock certificates, with images of Mickey Mouse, Dumbo and Tinker Bell on them, have long been collector's items and a fixture in many children's bedrooms.
Although a "standard form" of stock certificate does not exist, under New Hampshire and most states' laws, each stock certificate must contain the name of the company and that it is organized under New Hampshire law, the name of the person that it is issued to and the number and class of shares the certificate represents.
It is possible to protect the corporation against this type of fraud by requiring the shareholder whose stock certificate and lease are lost to provide a bond for the full value of the apartment to secure the corporation against any loss occasioned by issuing a replacement for the missing stock and lease.
The robber fled, but about 10 minutes later, a pedestrian found the sport bag with both cash and stock certificates intact at a parking lot about 300 meters away from the scene of the robbery.