CUSIP
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| Committee on Uniform Securities Identification Procedures. The committee which supplies a unique nine-character identification, called a CUSIP number, for each class of security approved for trading in the U.S., to facilitate clearing and settlement. These numbers are used when any buy and sell orders are recorded. |
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Additional Comments:
This is an alpha numeric system that identifies that certificate as one of the many for that issue. In other words, every certificate for General Motors common stock has the same number—it would be a different number for General Motors Preferred, and yet a different one for each of the General Motors bonds. If an investor delivers a certificate with a mutilated or missing CUSIP number it is no big deal, the brokerage firm can simply look it up and pencil it onto the certificate before sending the certificate on its way to the new owner.
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Related Terms: | ||
Certificate of Incorporation The filing with a U.S. state's government (typically the Department of State) to create a corporation. ... Warrant A certificate issued by a company giving the holder the right to purchase securities at a ... Convertible Securities Convertible securities can be exchanged or converted into common shares. Examples are convertible preferred stock, convertible ... | ||
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