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stock power

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stock power

–noun
a power of attorney permitting a person other than the owner of stock in a corporation to transfer the title of ownership to a third party.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Stock Power

A power of attorney that allows the current owner of a registered security to transfer ownership to another party.

Investopedia Commentary

The party to whom ownership is being transferred can be a bank, brokerage firm, or another investor. Stock power may also be granted if the stock is pledged as collateral for a loan.

See also: Holder of Record, Registered Security

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Financial Dictionary

stock power

A form, separate from a stock certificate, that can be used to transfer stock. A stock power is useful when an investor wishes to deliver an unsigned certificate in one envelope and the stock power form for transfer of the certificate in another envelope. Compare bond power.

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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Legal Dictionary

Main Entry: stock power
see POWER 2b
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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