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TeachMeFinance.com - explain For the opening historic definition... For the opening -- When a stock is sold for the opening delivery of it to the purchaser is to be made on the opening of the transfer books of the company which issued it. The delay in delivery until that time is because the stock has been assigned to a specified individual by the original owner instead of having been assigned (or signed) in blank (see Assigned in blank) and, therefore, not being a delivery (not being in deliverable form) it is necessary to wait until a new certificate can be obtained before making delivery to the buyer. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.