Glossary of Municipal Securities Terms

SIGNATURE GUARANTEE

A written representation placed by an authorized person on the assignment or bond power attached to a registered certificated security. The guarantee affirms that the person who signed the assignment or bond power is the person in whose name the securities are registered or is authorized to act on behalf of such person and that the signature is genuine. The signature guarantee provides assurance to the transfer agent that the transfer is proper and can be completed. See: ASSIGNMENT.

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