Passing a name. London Stock Exchange term; consists in the passing by the buying broker to
the seller of the name of the actual buyer for the purpose of preparing the transfer deed,
so-called. If the jobber who sold to the broker is not (he generally is not) the real deliverer he
passes the name on to his seller (the one who sells to him), and so on until the name reaches the
broker or jobber who sold real stock and is prepared to deliver it. See Name day.