loan ticket


loan ticket
A ticket or instrument evidencing a transaction commonly known in the stock-brokerage business as a "loan" of shares of stock. The loan of stock is usually, though not necessarily, incidental to a "short sale," that is, a contract for the sale of shares which the seller does not own, or the certificates for which are not within his control to be available for delivery at the time when delivery must be made. Provost v United States, 269 US 443, 449, 450, 46 S Ct 152.

Ballentine's law dictionary. . 1998.

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