Definition: [crh] Security not registered on the books of the issuing corporation and thus payable to possessor of the Definition: HREF="/?rd=shares">shares. Negotiable without endorsement and transferred by deDefinition: livery, thus avoiding some of the control associated with ordinary shares. Dividends are payable upon prDefinition: esentation of dividend coupons, which are dated or numbered. Applies mainly to international equities.
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