Certificate

of stock. The document which attests ownership of the amount of stock specified in it. The New York Stock Exchange rarely admits to dealings stocks of the par (face) value of more than $100 or bonds of more than $10,000. Nor does it accept as a delivery a single certificate for more than 100 shares of stock or a single registered bond for more than $10,000. Delivery of coupon bonds must be in denominations of $1,000 or $500, large bonds (over $1,000) or small. bonds (le than $500) being good only in special transactions. When a broker buys stock for a speculator the certificate is not made out in the name of the speculator. A certificate signed (a igned) in blank (see A igned in blank) is received by the buying broker from the selling broker and this certificate may on the resale of the stock be delivered to the new buying broker, and so on, the same certificate continuing to serve indefinitely in transactions.; Certification. For the meaning of this term on the London Stock Exchange see Certified transfer.