Name day. Same as ticket day; the third day of the fortnightly settlement on the London Stock
Exchange, when the purchasing broker (as distinguished from the jobber) passes (hands) to the
jobber who made the sale a ticket (memorandum) bearing the name, address and description of
the person to whom the stock is to be transferred and also stating the name of the stock exchange
firm which will pay for the stock on delivery. The ticket is passed on until it arrives in the hands of
the broker who originally sold the stock, who is thus enabled to draw up the transfer deed (as the
certificate of transfer or assignment is called) and deliver it to the actual buyer. See Passing a
name.
Exchange, when the purchasing broker (as distinguished from the jobber) passes (hands) to the
jobber who made the sale a ticket (memorandum) bearing the name, address and description of
the person to whom the stock is to be transferred and also stating the name of the stock exchange
firm which will pay for the stock on delivery. The ticket is passed on until it arrives in the hands of
the broker who originally sold the stock, who is thus enabled to draw up the transfer deed (as the
certificate of transfer or assignment is called) and deliver it to the actual buyer. See Passing a
name.
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