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In Street Name |
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In Street Name Describing securities where a brokerage holds legal ownership on behalf of a client. Even though the client is the actual owner, the brokerage holds title to the security because this makes the legalities of transferring the security easier if, and when, it is sold. The brokerage must turn the security over to the client if requested. See also: Beneficial ownership, Safekeeping. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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