- security entitlement
USAThe rights and property interest of an entitlement holder with respect to a financial asset held through a securities intermediary (UCC §8-102(a)(17)).A security entitlement entitles the entitlement holder to rights against the securities intermediary and interest in property held by the securities intermediary. A security differs from a security entitlement because a person holding a security has a direct interest in the security. When a person holds a security through a securities account, the person does not own a direct interest in the security and only has an indirect interest in the security by having a security entitlement in that account.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
entitlement holder — USA A person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary (UCC §8 102(a)(7)). The entitlement holder is typically the customer of the securities… … Law dictionary
entitlement order — USA A notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement (UCC § 8 102(a)(8)). See also … Law dictionary
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entitlement — Right or claim, accruing to a holder of securities, to receive or subscribe for cash, securities or other assets or benefits to be distributed or issued by the issuer. Euroclear Clearing and Settlement glossary * * * entitlement UK US… … Financial and business terms
entitlement — /en tuy tl meuhnt/, n. 1. the act of entitling. 2. the state of being entitled. 3. the right to guaranteed benefits under a government program, as Social Security or unemployment compensation. [1825 35; ENTITLE + MENT] * * * … Universalium
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