DEMATERIALIZED
dematerialized: translation
A term used to describe a physical certificate representing ownership of a security (a stock certificate or a bond) that is held by a trustee. This is an arrangement through which a physical certificate is held so that all future transactions can be conducted as if the security were issued as a book-entry security. Ownership and liens are recorded in the records of the trustee rather than evidenced by physical possession of the certificate.
Also called immobilized.
Less often, dematerialized is used to refer to book-entry securities that have never been issued in physical form.American Banker Glossary
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dematerialize UK US (UK ALSO dematerialise) /ˌdiːməˈtɪəriəlaɪz/ verb [T] STOCK MARKET, FINANCE
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The investor can dematerialize only those certificates that are already registered in his name.
dematerialization (UK ALSO dematerialisation) noun [U]
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the dematerialization of securities
dematerialized (UK ALSO dematerialised) adjective
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An investor has the option to hold shares either in physical or in dematerialized form.