Nominee

A person or firm to whom securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner.

Nominee

A company, usually a brokerage, which holds legal ownership of a security while beneficial ownership is held by someone else, usually a client. Allowing the nominee to hold title to the security facilitates trade; that is, the brokerage can sell the security directly rather than needing to seek the client's permission for each transaction. The client receives all dividends and other benefits of ownership.

nominee

A person or an organization in whose name a security is registered even though true ownership is held by another party.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

nominee

a company or trust which holds FINANCIAL SECURITIES on behalf of a person or other company. Nominees may be professional investment managers who hold portfolios of financial securities on behalf of investors (see UNIT TRUST). Alternatively nominees may be used to buy and hold shares in a particular company on behalf of investors who wish to remain anonymous (often prior to making a TAKEOVER BID for the company). However, UK company law provisions on the DISCLOSURE OF SHAREHOLDINGS make it difficult for a BENEFICIAL OWNER to accumulate large blocks of shares in a company without being forced to reveal his identity. See SHARE REGISTER.

nominee

One who is designated to act for another in a limited sense. It could be a trustee, an agent,or a straw man.

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References in periodicals archive

But when Democrats nominate a candidate from the Northeast, particularly from New England, especially Massachusetts, there is a presumption of liberalism, and the burden of proof is on the Democrat to prove that he or she is a mainstream candidate and not a hopeless and unrepentant liberal.

2008 presidential winter book: Washington's most trusted independent political analyst sets the scene

Even if the SEC adopts a rule allowing shareholders to nominate hoard candidates, it could have limited effect.

Shareholder democracy: Led by an unlikely activist, the years-long push for shareholders' rights is suddenly gaining steam. Is CEO clout in the boardroom seriously at risk?

about eleven minutes after 2 o'clock on Friday morning at the convention, when 15 or 20 men, somewhat weary, are sitting around a table, some one of them will say: "Who will we nominate?" At that decisive time the friends of Senator Harding can suggest him and can afford to abide by the result.

Dark Horses and Smoke-Filled Rooms

The other clubs joined forces yesterday to release a statement which said: "Although the Welsh Rugby Union has reaffirmed its decision to nominate Cardiff for the European Cup, the clubs wish to reiterate their stance that the clubs finishing first to fourth in the Premier Division for 1998-99 should be nominated for the European Cup.

Clubs' fury at Cardiff Euro spot

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Islamabad -- The Speaker National Assembly has requested the government and Opposition to nominate members of the Parliamentary Parties in proportion to their representations in the National Assembly for the special committee to examine into the matter recently reported in the media about Ms.

Speaker NA seeks members' nomination to examine Gulalai's matter

Victims film them-selves being doused, post a video and nominate pals for the icy trial.

Cheryl cold; Water challenge chills stars

In a statement to the National Iraqi News Agency, he said "The National Coalition witneses disputes over nominating a candidate who would gain approval of all blocs to assume the MoI," noting that "The Iraqi National Alliance agreed to nominate Ahmed al-Chalabi while the State of Law's Coalition adheres to nominate Adnan al-Asadi who is a leader within the Dawa Party."

Ahrar Bloc supports Chalabi's nomination for MoI, says MP