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Cancellation of securities
Legally prescribed procedure for declaring lost securities invalid. This improves the position of the owner of the securities by reinstating him with the same rights he had before the securities were lost. Only a court can declare securities invalid.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
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