Nominee

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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. 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. Wall Street

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

    A brokerage account where the customer's securities and assets ...
  5. Institutional Ownership

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  6. Market Value

    The price an asset would fetch in the marketplace. Market value ...
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