Stock Record

AAA

DEFINITION of 'Stock Record'

An electronic system that helps brokerage firms keep track of the positions, location and ownership of the securities it is holding. The stock record displays the names of the real and beneficial owners as well as the names of the securities and must be updated any time a trade is executed. Since today's brokerage firms hold shares in street name for investors, meticulous bookkeeping is necessary for keeping track of the actual owners of the securities.

INVESTOPEDIA EXPLAINS 'Stock Record'

Historically, stocks were issued as physical certificates and holding securities in street name eliminated the brokerage's step of transferring the paper securities to the customer. This system simplified transactions and significantly reduced the time required to settle trades. Today, securities are held in electronic form, making the need for physical transfers obsolete, but making an accurate stock record essential.

RELATED TERMS
  1. Bearer Form

    A security not registered in the issuing corporation's books ...
  2. Holder Of Record

    The name of the person who is the registered owner of a security ...
  3. In Street Name

    A brokerage account where the customer's securities and assets ...
  4. Stock Power

    A legal power of attorney form that transfers the ownership of ...
  5. Stock

    A type of security that signifies ownership in a corporation ...
  6. Discretionary Investment Management

    A form of investment management in which buy and sell decisions ...
Related Articles
  1. Markets

    Material Adverse Effect A Warning Sign ...

  2. Markets

    The 4 Basic Elements Of Stock Value

  3. Fundamental Analysis

    Where's The Market Headed Now?

  4. An Introduction To Stock Market Indexes
    Investing Basics

    An Introduction To Stock Market Indexes

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center