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Cede & Co.

Definition:

Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

Investing Essentials


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

Term of the Day

Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.

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