Committee on Uniform Securities Identification Procedures (CUSIP)

Definition:

Committee that assigns identifying numbers and codes for all securities. These "CUSIP" numbers and symbols are used when recording all buy or sell orders.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio