Definition of book-entry securities

securities that are not represented by a certificate. Purchases and sales of some municipal bonds, for instance, are merely recorded on customers' accounts; no certificates change hands.

securities that are not represented by a certificate. Purchases and sales of some municipal bonds, for instance, are merely recorded on customers' accounts; no certificates change hands. This is increasingly popular because it cuts down on paperwork for brokers and leaves investors free from worry about their certificates.