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Certificate for a share in Kennet and Avon Canal Navigation, Great Britain, 1808. In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code in the United States, a ...
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
CDs and share certificates are useful when saving for a specific goal, such as a vacation fund. You can choose a term that aligns with the goal, so that the money becomes available when you need it.
Cede and Company is a shorthand for the phrase 'certificate depository.' [2] Appropriately, the word 'cede' means to 'give up (power or territory)' [3] because investors give up their stock and companies give up their shareholders to an intermediary. [4] Cede technically owns most of the publicly issued stock in the United States. [5]
A share certificate is a legal document that specifies how many shares of a company or business you own. Share certificates can also be referred to as stock certificates.
A stock certificate is a legal document that specifies the number of shares owned by the shareholder, and other specifics of the shares, such as the par value, if any, or the class of the shares. In the United Kingdom , Republic of Ireland , South Africa , and Australia , stock can also refer, less commonly, to all kinds of marketable securities .
Bearer share certificate. The first and most important condition for the issue of bearer shares is the fact that this right should be provided by the legislation of the country of registration for this type of company. In addition, the right to issue certificates of shares to the bearer must be fixed in the company's constituent documents.
A variable-rate CD — also called a flex CD — is a type of certificate of deposit with an interest rate that can fluctuate periodically over the term of the CD based on market conditions.