nominee


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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.

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.

References in periodicals archive ?
3,481,420 HSBC Global Custody Nominee (UK) Limited A/c 740311
3- Anwar al Haq Ahadi, Nominee Minister of Commerce and Industries
3) On only 2 of these occasions did a president discuss a nominee prior to referral to the Senate.
Host Ellen DeGeneres, left, danced a jig in honor of the nominees while, above from left, Jack Black, John C.
BEING JULIA This backstage comedy features a gay British lord (Bruce Greenwood) and a stealth lesbian arts patron (Miriam Margolyes), but the whole show belongs to its sole nominee, Annette Bening.
Senator Bill Bradley, New Jersey Democrat, demanded that the Clinton Administration stick with Sarokin, and the nominee was confirmed by a comfortable 63-35 Senate vote--a far wider margin than that of Bush Supreme Court nominee Clarence Thomas.
Elgamal, Ramius' nominees are independent industry experts who are more qualified to oversee the Company at this critical time.
360,810 The Bank Of New York ( Nominees ) Limited A/c PTG 15303 /
TOM PERROTA: Nominee for best adapted screenplay for ``Little Children,'' Tom Perrota got the news at his home in Boston.
When one person has a majority, he or she becomes a nominee," he said.
Prominent in Carter's catalog of flaws in a nomination/confirmation system that has produced debacles such as the Robert Bork and Clarence Thomas hearings and the serial executions of the nominations of Zoe Baird, Kimba Wood, and Lani Guinier is the system's current presumption that a presidential nominee should, by and large, be guaranteed Senate confirmation.
For the first time in GRAMMY([R]) history, international sensation and current nominee Shakira will perform, and fellow nominee Wyclef Jean will join her; current nominees Chris Brown, Lionel Richie and Smokey Robinson will take the stage in a special GRAMMY Moment segment paying tribute to the tradition of great male R&B artists; and nominees Rascal Flatts will perform with previously announced nominee Carrie Underwood in a tribute to country rock on the 49th Annual GRAMMY Awards, it was announced today by The Recording Academy([R]).