securities industry term for a certificate bearing the proper endorsement and signature guarantee, and meeting other requirements of National Association of Securities Dealer's Uniform Practice Code, making it transferable by delivery to the buyer, who is obligated to accept it.
securities industry designation meaning that a certificate has the necessary endorsements and meets all other requirements (signature guarantee, proper denomination, and other qualifications) so that title can be transferred by delivery to the buying broker, who is then obligated to accept it.
securities industry designation meaning that a certificate has the necessary endorsements and meets all other requirements (signature guarantee, proper denomination, and other qualifications), so that title can be transferred by delivery to the buying broker, who is then obligated to accept it. Exceptions constitute bad delivery.
