Passing

aname. London Stock Exchange term; consists in the pa ing 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 pa es 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. 411