Affidavit of Loss in the Stock marketAn affidavit of loss becomes important if you are buying shares of a stock where you actually receive the certificate. Otherwise it does not matter. If you bought a stock and the certificate was either destroyed by such things as a fire or a flood, or it was lost you may send a written document declaring a loss of the certificate. This report includes things such as the serial number of the shares, and date of issue. The owner may be forced to swear saying that to the best of their knowledge the certificate is either lossed or destroyed. If the certificates are found after you are reissued a new certificate, the old ones must be forwarded to the parent company to be disposed of. Return From Affidavit of Loss to stock trading terminology
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