TeachMeFinance.com - explain Certified transfer
Certified transfer -- English term ; when a stockholder has
sold only a portion of the stock represented by a certificate
held by him the certificate and a transfer deed (assignment)
are lodged with the company which issues a fresh certificate
to him for the amount unsold and indorses the transfer to the
effect that it is good for the remaining amount of stock ; then
the transfer is said to be certified or marked and the act of
certifying or marking is called certification.
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