TeachMeFinance.com - explain Passing a name
Passing a name -- London Stock Exchange term ; consists in
the passing by the buying broker to the seller of the name of the actual buyer for the purpose of preparing the transfer deed,
so-called. If the jobber who sold to the broker is not (he generally
is not) the real deliverer he passes the name on to his
seller (the one who sells to him), and so on until the name
reaches the broker or jobber who sold real stock and is prepared
to deliver it. See Name day.
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