uncertificated shares
Definition
Mutual fund shares which are maintained on the transfer agent's records, but for which stock certificates have not been issued. also called book shares.
Use this term in a sentence
“ There were some uncertificated shares that we needed to manage and that was something we found really easy to do. ”
“ You should always make sure you have done your research before you ever take on any uncertificated shares that may be risky. ”
“ I often wonder if the number of uncertificated shares were to be added to the market what the underlying action would do to the price of the shares overall. ”
