Entitlement Order | Practical Law

Entitlement Order | Practical Law

Entitlement Order

Entitlement Order

Practical Law Glossary Item 8-383-2180 (Approx. 2 pages)

Glossary

Entitlement Order

A notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement (UCC § 8-102(a)(8)). For more information on entitlement orders and security interests in securities accounts, see Practice Note, UCC Creation, Perfection, and Priority of Security Interests.