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Nominee

What Does It Mean?
What Does Nominee Mean?
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.
Investopedia Says
Investopedia explains Nominee
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.
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