CUSIP Number

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Definition of 'CUSIP Number'

A CUSIP number (Committee on Uniform Securities Identification Procedures) is a unique nine-digit code that identifies a specific security for trading purposes. It is used by the financial industry to identify stocks, bonds, and other financial instruments.

The CUSIP number is assigned by the American Bankers Association (ABA) and is used to track securities in the financial system. It is also used to prevent fraud and to ensure that trades are executed correctly.

The CUSIP number is made up of three parts:

* The first six digits identify the issuer of the security.
* The next two digits identify the type of security.
* The last digit is a check digit that is used to verify the accuracy of the CUSIP number.

The CUSIP number is a critical piece of information for the financial industry. It is used to track securities, prevent fraud, and ensure that trades are executed correctly.

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