Nominee

AAA

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.

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.

RELATED TERMS
  1. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  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. Street Name

    When securities are held in the name of a broker or other nominee, ...
  5. Business Broker

    A professional who specializes in the purchase and sale of companies. ...
  6. Bidder

    The party offering to buy an asset from a seller at a specific ...
Related Articles
  1. How Nasdaq Continues To Innovate
    Stock Analysis

    How Nasdaq Continues To Innovate

  2. Understanding The Ticker Tape
    Investing Basics

    Understanding The Ticker Tape

  3. How To Invest In Toronto Stock Exchange ...
    Investing Basics

    How To Invest In Toronto Stock Exchange ...

  4. Use The Percentage Price Oscillator: ...
    Investing

    Use The Percentage Price Oscillator: ...

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center