Retired Securities

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DEFINITION of 'Retired Securities'

Securities that have been repurchased by the issuer out of the company's retained earnings and cancelled according to Securities & Exchange Commission (SEC) regulations. They have no market value and no longer represent a share of ownership in the issuing corporation.

INVESTOPEDIA EXPLAINS 'Retired Securities'

Though retired securities have no market value, they often have value to collectors of old stock certificates. Recently, cancelled securities have appeared fraudulently on the international market, leading the SEC to make changes to regulations governing how transfer agents handle cancelled stock certificates.

RELATED TERMS
  1. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  2. Issuer

    A legal entity that develops, registers and sells securities ...
  3. Stock Certificate

    The physical piece of paper representing ownership in a company. ...
  4. Retained Earnings

    The percentage of net earnings not paid out as dividends, but ...
  5. Scripophily

    The hobby of collecting antique bonds, stocks and other financial ...
  6. Transfer Agent

    A trust company, bank or similar financial institution assigned ...
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