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What (who) is credit entry - definition

SYSTEM OF TRACKING OWNERSHIP OF SECURITIES WHERE NO CERTIFICATE IS GIVEN TO INVESTORS

Book Entry; Book entry security; Book-entry

Crediting

LOAN

Consumer Credit; Consumer lending; Lending industry; Consumer credit; Consumer loan; Credited; Crediting; Bank credit; Credit (economics); Consumer-loan company; Credit supply; Credit (song); Credit (finance)

·p.pr. & ·vb.n. of Credit.

Credit

LOAN

Consumer Credit; Consumer lending; Lending industry; Consumer credit; Consumer loan; Credited; Crediting; Bank credit; Credit (economics); Consumer-loan company; Credit supply; Credit (song); Credit (finance)

·vt To bring honor or repute upon; to do credit to; to raise the estimation of.

II. Credit ·noun Influence derived from the good opinion, confidence, or favor of others; interest.

III. Credit ·noun Reliance on the truth of something said or done; belief; faith; trust; confidence.

IV. Credit ·noun Reputation derived from the confidence of others; esteem; honor; good name; estimation.

V. Credit ·noun That which tends to procure, or add to, reputation or esteem; an Honor.

VI. Credit ·noun A ground of, or title to, belief or confidence; authority derived from character or reputation.

VII. Credit ·noun The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.

VIII. Credit ·vt To confide in the truth of; to give credence to; to put trust in; to Believe.

IX. Credit ·vt To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond.

X. Credit ·noun Trust given or received; expectation of future playment for property transferred, or of fulfillment or promises given; mercantile reputation entitling one to be trusted;

- applied to individuals, corporations, communities, or nations; as, to buy goods on credit.

XI. Credit ·noun The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items;

- the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B.

Credited

LOAN

Consumer Credit; Consumer lending; Lending industry; Consumer credit; Consumer loan; Credited; Crediting; Bank credit; Credit (economics); Consumer-loan company; Credit supply; Credit (song); Credit (finance)

·Impf & ·p.p. of Credit.

Wikipedia

Book entry

Book entry is a system of tracking ownership of securities where no certificate is given to investors. Several terms are often used interchangeably with "book entry" shares including "paperless shares", "electronic shares", "digital shares", "digital stock certificates", and "uncertificated shares". Some of these terms have somewhat different connotations but, at least in the United States, state securities laws only recognize certificated and uncertificated shares. In the case of book-entry-only (BEO) issues, while investors do not receive certificates, a custodian holds one or more global certificates. Dematerialized securities, in contrast, are ones in which no certificates exist; instead, the security issuer, its agent or a central securities depository keeps records, usually electronically of who holds outstanding securities.

Most investors who use an online broker or even a regular full-service broker will have their shares held in book-entry form. This is generally convenient, as one does not have to preserve physical stock certificates, and can buy/sell securities without turning certificates in or having new ones issued. Also, replacement costs for certificates are high in case one loses them, while book-entry ownership can never be lost thanks to technological backups.

https://en.wikipedia.org/wiki/Book entry