Business / Finance / Book-Entry Securities: System in which securities are not represented by paper certificates but are maintained in computerized records at the Fed in the names of member banks, which in turn keep computer records of the securities they own as well as those they are holding for customers. In the case of other securities where a book-entry has developed, certificates reside in a central clearinghouse or by another agent. These securities do not move from holder to holder.
Business / Taxes / 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, deleti MORE
Business / Finance / Securities Acts Amendments Of 1975: Legislation to encourage the establishment of a national market system together with a system for nationwide clearing and settlement of securities transactions. MORE