Committee on Uniform Securities Identification Procedures investment & finance definition
A
security’s CUSIP number identifies the security and makes it easier to settle
trades. CUSIPs are assigned to securities such as stocks of North American
companies and government debt issued by federal and local governments and
corporations. Non-North American securities use a system called CINS, which
stands for CUSIP Inter-national Numbering System. The American Bankers
Association owns the copyright and propriety rights to CUSIP and CINS.
See Committee on Uniform Securities Identification Procedures in Wall Street Words
(CUSIP) An appointed board that assigns standard identification (CUSIP) numbers for all stock certificates and registered bonds issued in the United States. See also
CUSIP number.