What is another name for securities that are recorded in a journal rather than being issued as physical certificates?

The term "book entry securities" refers to financial instruments that are recorded electronically rather than being issued in physical form as traditional certificates. This method enhances efficiency and security, minimizing the risks associated with the physical transfer of ownership and reducing administrative costs.

With book entry securities, ownership records are maintained in a database, allowing for seamless transactions and easier tracking of ownership changes without the physical transfer of certificates. This system is widely used in modern financial markets for various types of securities, including stocks and bonds.

Other terms like "registered securities" or "fully registered securities" typically refer to the manner in which ownership can be traced and notified to the issuer but do not specifically imply the absence of physical certificates. "Transferable securities" relates to the ability to transfer ownership but doesn't convey the method of recording ownership itself.

Therefore, "book entry securities" is the most accurate term to describe securities recorded in a journal format rather than as physical certificates.