DEFINITION of 'Nominee'

A person or firm into whose name securities or other properties are transferred in order to facilitate transactions, while leaving the customer as the actual owner.


A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement shares are said to be held in street name.

  1. Street Name

    When securities are held in the name of a broker or other nominee, ...
  2. Beneficial Owner

    1. A person who enjoys the benefits of ownership even though ...
  3. In Street Name

    A brokerage account where the customer's securities and assets ...
  4. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  5. Dead Cat Bounce

    A temporary recovery from a prolonged decline or bear market, ...
  6. Swap

    A derivative contract through which two parties exchange financial ...
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  1. How long does a stock account have to be dormant before it can be escheated?

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  3. Where can I buy penny stocks?

    Some penny stocks, those using the definition of trading for less than $5 per share, are traded on regular exchanges such ... Read Full Answer >>
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