BOOK ENTRY TRANSACTION Definition

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BOOK ENTRY TRANSACTION, in securities, is a transaction that does not entail physical transfer of paper securities. An entry is made on the books of a safekeeping depository showing the beneficial owner of the securities. This has become a standard transaction method for all U.S. Treasury, many U.S. Government agency securities and many tax­able and tax-exempt instruments.

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EX-DIVIDEND DATE is the first date a stock trades without dividend, usually four business days before the record date.

OVERSTATED is when something is represented as greater than is true or reasonable.

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