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mutilated security

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Financial Dictionary

mutilated security

A stock or bond certificate that, because of damage or improper printing, cannot be transferred. The owner of a mutilated security must obtain a guarantee to ownership from the transfer agent before delivering the security to a buyer.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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