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Good Delivery
When discussing securities, it is important to understand the concept of good delivery. This refers to a security that is in proper form to transfer ownership. In order to complete a sale, the certificate must be surrendered by the seller on good delivery. However, if the certificate has a share transfer restriction, it cannot be considered good delivery. Essentially, good delivery is crucial in ensuring a smooth and legitimate transfer of ownership. Remember, a properly endorsed certificate is key in achieving good delivery.
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