Registered Security (Noun)
Meaning
A security whose owner's name is recorded on the books of the issuer (or issuer's agent).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The investor held a registered security, which assured her of dividends and voting rights whenever they came due.
- Unlike bearer securities, registered securities have their ownership recorded directly with the issuer.
- Only registered security holders who were listed as owners before a certain date were entitled to vote on company matters.
- As it was a registered security and she had moved, she informed the company of her new address so her dividend payments wouldn't be interrupted.
- As he transferred his shares of a registered security to her, the new owner had to report the change to the company immediately to protect her rights.