A book entry record is a type of record keeping system that involves the transfer of ownership of securities without the physical movement of paper certificates. The term is composed of three parts: STAT (4 letters), TEL (3 letters), and FEAT (4 letters). STAT stands for 'stock transfer agent, ' which is an organization that is responsible for maintaining records of ownership of securities. TEL stands for 'teleregister, ' which is a computerized system used to record and track the transfer of securities. FEAT stands for 'FEATURES, ' which are the characteristics of the security that are recorded in the book entry record.